Friday, July 13, 2012


HILLGROVE ANNOUNCES SUCCESSFUL $15 MILLION EQUITY RAISING AND SHARE PURCHASE PLAN

Proceeds to be used for working capital and to fund operational improvements at Kanmantoo

Hillgrove Resources Limited (ABN 73 004 297 116) (ASX: HGO) (“Hillgrove” or the “Company”) today announces a placement of new ordinary Hillgrove shares to certain sophisticated and institutional investors to raise $15 million, including an unconditional component and a conditional component which is subject to the approval of shareholders (“Placement”).

In addition to the Placement, Hillgrove proposes to offer eligible shareholders as at 7pm (Sydney time) on Thursday, 12 July 2012 with registered addresses in Australia and New Zealand the opportunity to acquire up to $15,000 of shares under a Share Purchase Plan (“SPP”).

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