Blackheath Resources Inc. (TSXV:BHR,FWB:04B) increased the size of its private placement from $1,050,000 to $1,708,000. The private placement will now be composed of up to 4,880,000 units for total proceeds of up to $1,708,000, at a price of $0.35 per unit.
As quoted in the press release:
Each Unit will comprise 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.
There is no guide to critical metals investing that is more concise, clear and authoritative.Download this FREE Special Report, Investing in Today’s Critical Metals – Context for Lynas News and Molycorp News.