Monthly Archives: July 2021

Black Iron is pleased to announce that it has closed its previously announced short form prospectus offering, including the full exercise of the over-allotment option, raising gross proceeds of $11.5 million for the Company through the issuance of 28,750,000 common shares of the Company at a price of $0.40 per Share .The Offering is subject to final approval by the Toronto Stock Exchange.

Each Share will be offered at a price of $0.40 per Share (the “Offering Price”). The Offering will be made in each of the provinces of Canada (other than Quebec) (the “Canadian Jurisdictions”) on a “best efforts” agency basis by Canaccord Genuity Corp. (the “Agent”) as lead agent and sole bookrunner.