https://www.engineeringnews.co.za
Exploration|Gold|PROJECT|Projects
Exploration|Gold|PROJECT|Projects
exploration|gold|project|projects

Blackstone raises cash for global exploration

10th May 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed junior Blackstone Minerals will raise A$2-million in a two-tranche placement to fund exploration at its metals projects in Vietnam, Canada and Western Australia.

The first tranche of the share placement will consist of ten-million shares, priced at 5c each, to raise an initial A$500 000 by May 17. The placement will be made under Blackstone’s existing placement capacity.

The second tranche placement of up to 30-million shares, also priced at 5c each, will be completed following shareholder approval at an annual general meeting scheduled for late June.

Blackstone said that the proceeds from the capital raise would be used to fund exploration at the Ta Khoa nickel project, in Vietnam, the BC cobalt/gold project, in Canada, and the Silver Swan South nickel/gold project, in Western Australia.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:5.543 5.724s - 158pq - 2rq
Subscribe Now