BLACK IRON PROJECT AND KEY AGREEMENT UPDATE For Immediate Release TORONTO, CANADA, Sept 13, 2021 – Black Iron Inc. (“Black Iron” or the “Company”) (TSX: BKI; OTC: BKIRF; FWB: BIN) has received a number of inbound inquires from shareholders over the past two weeks seeking an update
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.
Black Iron Inc. announces that it has filed a preliminary short form prospectus with the securities commissions in each of the Provinces of Canada (other than Quebec), in connection with a marketed public offering of common shares.
Black Iron Inc. is pleased to announce that Wood PLC has initiated work on the completion of an updated Feasibility Study for the Company’s Shymanivske Iron Ore Project based on a phased buildout from 4Mtpa to 8Mtpa of premium 68% grade pellet feed.
Black Iron Inc.reports that the nominees listed in the management information circular dated May 26, 2021 were elected as directors of the Company at the annual and special meeting of shareholders of the Company held today.
Investors poured a record US$51 billion into Environment, Social and Governance (ESG) focused investments in 2020 which is more than double the prior year.
RAB Capital Co-Founder and President Phillip Richards stated: “RAB Capital is pleased to exercise all of its warrants in support of the Black Iron management and their development plans.
Zenon Potoczny is currently the president-elect of the Canada-Ukraine Chamber of Commerce, VP Operations for the Ukrainian World Congress and Director of Sweden publicly listed Zhoda Investments
Black Iron Selects Cargill As Ukraine High-grade Iron Ore Offtake Purchaser With A Us$75m Finance Facility
Subject to completion of due diligence and successful conclusion of negotiations, Cargill will offtake the production and extend financing of US$75 million for the construction of the Project through a finance facility.