Highfield Resources (ASX:HFR) eyes $15m for Muga

Spanish potash developer Highfield Resources (HFR) has received firm commitments to undertake a $15 million placement.

The company entered a trading halt on August 5 but did not disclose how much it intended to raise or what it would use the funds for.

Roughly 28.8 million ordinary shares will be issued to institutional investors at 52 cents.

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