Brief: Highfield Resources Enters Agreements With Yankuang Energy & Other Strategic Investors
24/09/2024 02:44
Sept 24 (Reuters) - Highfield Resources Ltd HFR.AX :
* ENTERED INTO BINDING AGREEMENTS WITH YANKUANG ENERGY GROUP
AND A
NUMBER OF STRATEGIC INVESTORS
* TRANSACTION COMPRISES RAISING OF US$220 MILLION IN EQUITY
CAPITAL BY HIGHFIELD FROM YANKUANG ENERGY AND STRATEGIC
INVESTORS
* TRANSACTION EXPECTED TO RESULT IN YANKUANG ENERGY BEING
HIGHFIELD'S MAJORITY SHAREHOLDER
Further company coverage: HFR.AX
((Reuters.Briefs@thomsonreuters.com;))
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