Brief: Highfield Resources Announces LOI For Cooperation On Strategic Investment

Highfield Resources

19/07/2024 12:39

July 19 (Reuters) - Highfield Resources Ltd  HFR.AX :
    * LOI FOR COOPERATION ON STRATEGIC INVESTMENT
    * ENTERED NON-BINDING LETTER OF INTENT FOR COOPERATION WITH
YANKUANG ENERGY AND A NUMBER OF STRATEGIC INVESTORS
    * COOPERATION WOULD ENTAIL RAISING OF US$220 MILLION OF
EQUITY
CAPITAL BY HIGHFIELD FROM STRATEGIC INVESTORS
    * COOPERATION WOULD ENTAIL INTER-CONDITIONAL ACQUISITION
FROM
YANKUANG ENERGY OF SOUTHEY POTASH PROJECT

Source text for Eikon:  ID:nASX83T1ch 
Further company coverage:  HFR.AX 

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