Highfield Resources raises $13 million to progress Muga Potash Project

Highfield Resources Ltd (ASX:HFR) has raised A$13 million at an issue price of A$0.62 per share, which represents a 10.1% discount to the last closing price of A$0.69 per share.

The company, which is focused on the construction of its flagship low-cost, low capex Muga Potash Project in Spain, received firm commitments from institutional, sophisticated and professional investors, with the oversubscribed placement gaining strong support from new and existing shareholders, including high-quality institutional investors based domestically and offshore.

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