NetworkNewsBreaks – Black Iron Inc. (TSX: BKI) (
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Canadian iron ore exploration and development company Black Iron’s (TSX: BKI) (OTC: BKIRF) (GR: BIN) primary focus is on the advancement of its Shymanivske iron ore project located in the historically rich Kryvyi Rih region of Ukraine. Construction at the Shymanivske iron ore mine is anticipated to commence within the next year. An article discussing the company reads, “Recently, Black Iron closed the second and final tranche of its earlier announced nonbrokered private placement of units (http://nnw.fm/Ltwy4). The company intends to use the net proceeds of the offering to secure essential land surface rights and further discussions on construction financing, as well as for general working capital purposes. . . . Black Iron offers investors an intriguing investment opportunity. The company’s mining permit at Shymanivske encompasses 2.56 square kilometers and is valid until 2024. Moreover, the permit is renewable in 20-year increments. With construction at the Shymanivske iron ore mine set to begin in the coming year, Black Iron is on course for major growth.”
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