🕐02.12.10 - 01:54 Uhr

HILLGROVE RESOURCES LIMITED [HGO] - LOAN AGREEMENT SIGNED AND HEDGING COMPLETED FOR KANMANTOO



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HILLGROVE RESOURCES LIMITED [HGO] - LOAN AGREEMENT SIGNED AND HEDGING COMPLETED FOR KANMANTOO

PROJECT LOAN FACILITY AGREEMENT SIGNED AND HEDGING COMPLETED FOR KANMANTOO

Hillgrove Resources Limited (ASX: HGO) is pleased to advise that the Company�s Project Finance Loan Facility Agreement with Barclays Bank PLC and Macquarie Bank Limited was signed on Wednesday, 1 December 2010.

The loan facility provides the Kanmantoo Copper Mine project with AUD30 million of senior debt, together with AUD20 million of performance bond and guarantee facilities, and associated commodity hedging facilities.



For further information please view the attached announcement.

Hillgrove Resources Limited
Level 41 Australia Square Tower
264 George Street, Sydney NSW 2000
www.hillgroveresources.com.au
T: +61 2 8221 0404 F: +61 2 8221 0407



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