NetworkNewsBreaks – Black Iron Inc. (TSX: BKI) (
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Posted On: 04/01/2019 4:19:55 PM
NetworkNewsBreaks – Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) Closes First of Two Planned Tranches of Private Placement
Iron ore exploration and development company Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) on Friday announced its closing of the first of two planned tranches of its previously announced non-brokered private placement of financing units. Per the update, Black Iron issued 17,508,440 units at a price of $0.06 per unit for gross proceeds of $1,050,506. The company intends to use the net proceeds of this first tranche to advance its Shymanivske project, including negotiations to secure essential land surface rights; to further discussions and negotiations on construction financing; and for general working capital purposes. Closing of the first tranche is subject to the receipt of regulatory approval, including final Toronto Stock Exchange approval. The second tranche of this offering is expected to close on or before April 5, 2019.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Iron ore exploration and development company Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) on Friday announced its closing of the first of two planned tranches of its previously announced non-brokered private placement of financing units. Per the update, Black Iron issued 17,508,440 units at a price of $0.06 per unit for gross proceeds of $1,050,506. The company intends to use the net proceeds of this first tranche to advance its Shymanivske project, including negotiations to secure essential land surface rights; to further discussions and negotiations on construction financing; and for general working capital purposes. Closing of the first tranche is subject to the receipt of regulatory approval, including final Toronto Stock Exchange approval. The second tranche of this offering is expected to close on or before April 5, 2019.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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