Highfield gets A$25m investment
Potash developer Highfield Resources has secured a A$25-million strategic investment form EMR Capital and Tectonic Investment Management to help advance the development of its Muga project, in Spain. The investment will be in the form of a convertible notes, with EMR Capital to invest some A$18-million and Tectonic to invest A$7-million. The notes will have a maturity date of 24-months from the date of completion, with the conversion price being the lower of a 25% discount to the price implied by a change of control transaction, the volume weighted average price of Highfield shares over 20 tr...
Source: miningweekly.com
