🕐25.05.15 - 01:54 Uhr

HILLGROVE RESOURCES LIMITED [HGO] - HILLGROVE ANNOUNCES REFINANCING OF DEBT AND EQUITY RAISING





Fortbridge Media Release

HILLGROVE RESOURCES LIMITED [HGO] - Hillgrove Announces Refinancing of Debt and Equity Raising

Hillgrove Resources Limited (ASX: HGO) today announces it has finalised the refinancing of its debt facilities and the launch of a fully underwritten non-renounceable rights issue. The debt finance facilities comprise a US$14 million Pre-Export Facility loan (plus up to a further US$6 million subject to conditions), deferral and extension of price participation obligations, A$20 million performance bond facility, and associated commodity hedging facilities for the Kanmantoo operation.
Hillgrove is also undertaking a fully underwritten pro-rata non-renounceable rights issue to raise approximately A$10 million. The package will provide amortisation of debt repayments to align with the most recent Life of Mine (LOM) plan and additional equity will provide the ability to accelerate the exploration program of nearby targets in order to extend the mine life.
For further information please view the attached announcement.








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