On 23 May 2023, Highfield Resources Limited (ASX: HFR) announced that they had successfully secured a significant strategic investment from EMR Capital Management Limited and Tectonic Investment Management. The investment, amounting to approximately AU$25 million, will be provided through convertible notes, providing a much-needed cash injection for the company. With the recent receipt of the final construction license for the Muga Mine, Highfield's flagship project, the company is now fully permitted and ready for implementation.
The funds acquired from this investment are expected to propel the progress of the Muga Project and facilitate discussions with potential strategic and financial investors to secure complete financing for the project. This development marks a crucial milestone for Highfield as it continues to advance its operations. The key terms of the Convertible Notes include EMR Capital investing around AU$18million and Tectonic investing AU$7million, with a maturity date set for 24 months (2 years) from the completion date of the Convertible Notes.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
