QualityStocksNewsBreaks – Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) to Utilize Private Placement Proceeds for Project Advancement
Black Iron (TSX: BKI) (OTC: BKIRF) (GR: BIN), a Canadian iron ore exploration and development company recently closed the final tranche of a private placement of units. The company has maintained its focus of advancing the development of its wholly owned Shymanivske iron ore project toward construction. An article discussing the company reads, “The funds generated through the nonbrokered private placement are earmarked for securing essential land surface rights and furthering the advancement of Shymanivske iron ore project construction and financing. . . . Pursuant to the closing of the second tranche, the company issued 9,043,950 units at a price…