Proposed Company Name Change and Share Consolidation

Key points

• Hillgrove Resources plans to change its name to Kantra Copper Limited
• The company will consolidate shares on a 15-to-1 basis
• The changes aim to align the company's identity with its copper focus

Full summary

Hillgrove Resources Limited (ASX: HGO) plans to change its name to Kantra Copper Limited and consolidate shares on a 15-to-1 basis. The name change aims to better reflect the company's focus on copper production and development and align with its strategic direction. The share consolidation is intended to place the share price within a more conventional range, improving market clarity and accessibility. The company emphasizes that the consolidation is mathematically neutral and not a precursor to capital raising.