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Hillgrove Resources Limited ( (AU:HGO) ) has shared an update.
Hillgrove Resources Limited has issued 297,288,505 fully paid ordinary shares at A$0.035 per share to institutional shareholders as part of a placement announced earlier. This move is part of the company’s strategy to raise capital without the need for disclosure under Part 6D.2 of the Corporations Act, indicating compliance with relevant reporting obligations and transparency in its operations.
More about Hillgrove Resources Limited
Hillgrove Resources Limited is a company operating in the resources sector, primarily focused on mining activities. The company is engaged in the exploration and development of mineral resources, with a particular emphasis on copper and gold projects.
YTD Price Performance: -32.00%
Average Trading Volume: 3,565,064
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$72.3M
Learn more about HGO stock on TipRanks’ Stock Analysis page.