Blackheath Resources Inc. (TSXV:BHR,FWB:04B) announced a non-brokered private placement for aggregate gross proceeds of up to $1,050,000.
As quoted in the press release:
It plans to conduct a non-brokered private placement of up to 3,000,000 units (the “Units”) at a price of $0.35 per Unit for aggregate gross proceeds of up to $1,050,000 (the “Private Placement”). The Units will be issued to a strategic group of investors. Each Unit will be comprised of one common share of the Company and one non-transferable common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one additional common share of the Company at an exercise price of $0.50 per share for a period of 36 months from closing of the Private Placement.