BKIRF - Black Iron raises C$10M via equity offering

Black Iron ([[BKIRF]] +6.3%) has priced its marketed public offering of 25M common shares at C$0.40/share, for expected gross proceeds of ~C$10M.The offering will be made in each of the provinces of Canada on a "best efforts" agency basis by Canaccord Genuity (the "Agent") as lead agent and sole bookrunner. Agents' over-allotment is an additional 15% shares sold under the offering.Net proceeds will be used for (a) the completion of a Feasibility Study for the Company's Shymanivske Iron Ore Project, (b) the completion of an Environmental and Social Impact Assessment, (c) paying for a portion of the relocation and construction of a new Ukrainian military firing range and ammunition depot to secure access to land required for the Company's Shymanivske Iron Ore Project, and (d) working capital and general corporate purposes.Closing date is July 20.Previously (June 29): Black Iron announces marketed public offering.

For further details see:

Black Iron raises C$10M via equity offering