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HIGHFIELD RESOURCES LIMITED — Capital/Financing Update 2021
Aug 25, 2021
65048_rns_2021-08-25_27f7b03c-794b-442d-94b5-166086475185.pdf
Capital/Financing Update
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ASX Release 26 August 2021
Extension to SPP Closing Date
Highfield Resources Limited (“ Highfield ” or Company ”) advises that the closing date of the Share Purchase Plan (“ SPP ”) Offer to eligible shareholders of the Company has been extended by one week to 5.00pm (Melbourne time) Friday, 3[rd] September 2021 .
The closing date has been extended to ensure all eligible shareholders have an opportunity to participate in the Offer, having regard to the ongoing COVID-19 lockdown restrictions that are currently in place in NSW, Victoria, the ACT affecting approximately 15 million Australians and in New Zealand, and the impact this may have on eligible shareholders accessing physical documentation.
The full terms and conditions of the Offer are included in the SPP Booklet announced to the ASX on 17 August 2021 and circulated to eligible shareholders.
Revised Indicative Timetable
The indicative key dates for the Placement and SPP are outlined below:
| Event | Date |
|---|---|
| Record Date for SPP (7.00pm AEST) | Friday, 6 August 2021 |
| Announcement of Placement and SPP | Monday, 9 August 2021 |
| Lodge share plan booklet with ASX and despatch to eligible shareholders |
Tuesday, 17 August 2021 |
| SPP Offer opens | 9.00am (Melbourne time) on Tuesday, 17 August 2021 |
| Revised SPP offer closes | 5.00pm (Melbourne time) on Friday, 3 September 2021* |
| Allotment Date (i.e the date of the issue of Shares under the SPP Offer) |
Monday, 6 September 2021* |
| Issue and quotation of shares under SPP and despatch of holding statements |
Tuesday, 7 September 2021* |
*These dates are indicative only. The Company reserves the right to vary the dates further without notice.
This announcement has been authorised for release by the Directors of Highfield Resources Limited
Highfield Resources Limited ACN 153 918 257 ASX: HFR
Issued Capital 358.4 million shares 19.82 million options
Registered Office C/– HLB Mann Judd 169 Fullarton Road Dulwich, SA 5065 Australia
–––––––––––––––––– T. +61 8 8133 5000
Head Office
Avenida Carlos III, 13 - 1°B, 31002 Pamplona, Spain
–––––––––––––––––– T. +34 948 050 577 F. +34 948 050 578
www.highfieldresources.com.au
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Highfield Resources Limited
Ignacio Salazar CEO Tel: +34 948 050 577
Olivier Vadillo Investor Relations Tel: +34 609 811 257
Australia based queries: Michael Weir Citadel Magnus – Director, Partner Tel: +61 (0) 402 347 032
About Highfield Resources:
Highfield Resources is an ASX listed potash company which focuses on the construction of its flagship low cost, low capex Muga Project in Spain having been granted the Mining Concession in July 2021.
Muga is a unique project with shallow mineralization with no aquifers above it and therefore there is no need to build a shaft. There is quality and readily accessible infrastructure already in place in the region and importantly, the Muga Project is located in the heart of a European agricultural region which has a clear deficit in potash supply.
Highfield’s potash tenements (Muga-Vipasca, Pintanos, and Sierra del Perdón) are located in the Ebro potash producing basin in Northern Spain, covering an area of around 262km[2] .
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Figure 1: Location of Highfield’s Muga-Vipasca, Pintanos and Sierra del Perdón Tenement Areas in Northern Spain
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www.highfieldresources.com.au