Hillgrove Resources to raise up to $39 million for Kanmantoo underground development
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Melbourne, Victoria --News Direct-- Hillgrove Resources Ltd
Hillgrove Resources Ltd (ASX:HGO) CEO Lachlan Wallace tells Proactive that a bookbuild process has been completed to boost its war chest by up to $39 million, through a placement, a commitment from Freepoint Metals and Concentrates LLC, and a share purchase plan targeting existing investors. The cash will provide Hillgrove with the equity funding to transform into a producer at its 100%-owned Kanmantoo Copper-Gold Project in South Australia.
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View source version on newsdirect.com: https://newsdirect.com/news/hillgrove-resources-to-raise-up-to-39-million-for-kanmantoo-underground-development-849227913
