CAPITAL MARKETS

Hillgrove raises $3.75 million

DIVERSIFIED mineral group Hillgrove Resources has placed 18.75 million shares to sophisticated investors raising $3.75 million to fund ongoing drilling at its Kanmantoo copper mine and exploration project and continue a coal seam gas pilot program at its Gunnedah project.

Rebecca Keenan

Hillgrove raises $3.75 million

The placement, organised by Bell Potter Securities and KTM Capital, issued the shares at 20c each with an attaching one for two option exercisable at 20c before the end of 2006. The issue is subject to...

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