🕐02.03.12 - 05:27 Uhr

HILLGROVE RESOURCES LIMITED [HGO] - HILLGROVE EXECUTES GOLD LOAN FOR KANMANTOO PROJECT





Fortbridge Media Release

HILLGROVE RESOURCES LIMITED [HGO] - HILLGROVE EXECUTES GOLD LOAN FOR KANMANTOO PROJECT

Hillgrove Resources Limited (ASX: HGO) is pleased to announce that it has executed an AUD15 million Financing Facility, in the form of a Gold Loan, provided to Hillgrove Copper Pty Ltd by the existing project financiers Macquarie Bank Limited and Barclays Bank Plc. This commitment represents approximately 42% of Hillgrove Copper�s planned gold production over the period June 2012 to September 2014 and effectively hedges our gold output at current prices.

For further information please view the attached announcement.

Hillgrove Resources Limited
Level 41 Australia Square Tower
264 George Street, Sydney NSW 2000

T: +61 2 8221 0404 F: +61 2 8221 0407








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