Freepoint Commodities Provides Financing to Hillgrove Resources

Jun 18, 2015, 10:00 ET from Freepoint Commodities LLC

STAMFORD, Conn., June 18, 2015 /PRNewswire/ -- Freepoint Commodities LLC and its affiliates, including Freepoint Metals & Concentrates LLC ("Freepoint"), are pleased to announce that they have provided Hillgrove Resources Limited ("Hillgrove") with a comprehensive financing solution for Hillgrove's continued development.  A Freepoint affiliate has provided Hillgrove with a new senior financing facility.  In conjunction with the financing, Freepoint will remain as the life of mine offtaker for the Kanmantoo project.  Freepoint has also provided underwriting support for Hillgrove's equity raising endeavor. 

"Our relationship with and support for Hillgrove dates back to the original financing of the technical studies required for Kanmantoo's mine re-development. We look forward to continuing our working relationship with the company as they successfully extend the project's life and progress regional exploration opportunities," said Philip Bacon, Senior Managing Director of Freepoint.

About Freepoint Commodities LLC and Freepoint Metals & Concentrates LLC

Freepoint Metals & Concentrates LLC is a subsidiary of Freepoint Commodities LLC, which is based in Stamford, CT and which has launched multiple platforms in the energy and metals markets starting in March 2011.  Private equity funds managed by Stone Point Capital, together with Freepoint management and senior employees, have provided Freepoint with approximately $400 million dollars of committed equity capital for Freepoint Commodities LLC and its subsidiaries, including Freepoint Metals & Concentrates LLC, which is also based in Stamford, CT. 

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SOURCE Freepoint Commodities LLC