Blackstone completes first part of capital raise
PERTH (miningweekly.com) – ASX-listed Blackstone Minerals has raised an initial A$22.1-million after completing the first tranche of its A$55-million capital raise.
The company on Wednesday reported that it had issued more than 38.1-million shares, at a price of 58c each, under its existing placement capacity.
The second tranche of more than 56.6-million shares, to raise a further A$32.9-million, would be subject to shareholder approval at a meeting expected to be held on December 16.
In addition to the share placement, Blackstone will also be undertaking a share purchase plan to raise an additional A$5-million.
The capital raised will be used to fund work at Blackstone’s Ta Khoa nickel project, in Vietnam.
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