The Conversation (0)
Blackheath Resources (TSXV:BHR) has closed the first tranche of its previously announced non-brokered private placement. The company also noted that ShanDong DongLin Investment Co is now a significant shareholder, having acquired 1.25 million units of Blackheath in connection with the private placement.
As quoted in the press release:
Blackheath intends to expend the proceeds raised from the Private Placement on exploration of its past-producing tungsten projects in northern Portugal, including Covas, Borralha, Bejanca, Adoria and Vale das Gatas and for general working capital purposes.
Click here to read the Blackheath Resources (TSXV:BHR) press release
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