- The offering’s maximum proceeds are expected to reach $1.5 million
- The funds will be utilized to further construction at Shymanivske iron ore project, which is anticipated to begin just after year end
- Black Iron is currently working to secure surface rights and reports solid progress
Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN), a Canadian iron ore exploration and development company, recently announced plans to complete a non-brokered private placement financing of up to 25 million units of the company at a price of $0.06 per unit. The proceeds from the offering will be used to advance the Black Iron Shymanivske project, according to a company press release (http://nnw.fm/mVj7I).
The offering’s maximum proceeds are expected to reach $1.5 million. Each unit is to consist of one Black Iron common share and…
NOTE TO INVESTORS: The latest news and updates relating to BKIRF are available in the company’s newsroom at http://nnw.fm/BKIRF
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