Highfield Resources secures initial US$11 million from US$220 million funding deal

Highfield Resources Ltd (ASX:HFR) has completed the unconditional component of its institutional share placement, part of a US$220 million financing deal struck with Yankuang Energy Group Co Ltd and strategic investors.

The company raised a total of US$11 million at an offer price of A$0.2989 per share, with the US$5 million committed by EMR Capital Resources Funds conditional on shareholder approval.

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