Hillgrove attracts funding for Kanmantoo underground copper potential

HILLGROVE Resources is looking to raise up to A$10.9 million via a placement and entitlement offer to fund work required to make a final investment decision on developing an underground copper mine at Kanmantoo in South Australia.

Hillgrove attracts funding for Kanmantoo underground copper potential Hillgrove attracts funding for Kanmantoo underground copper potential Hillgrove attracts funding for Kanmantoo underground copper potential Hillgrove attracts funding for Kanmantoo underground copper potential Hillgrove attracts funding for Kanmantoo underground copper potential

Kanmantoo, SA

The raising involves an $8.1 million placement to undisclosed investors priced at 3.1c per new share, with the stock going into a trading halt at 3.5c.

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