Blackstone Minerals Ltd - Blackstone Minerals to raise capital to advance the Ta Khoa Nickel Project
Blackstone Minerals Ltd (ASX:BSX)

Blackstone Minerals to raise capital to advance the Ta Khoa Nickel Project

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Highlights

What's happened?

Blackstone Minerals Ltd (ASX: BSX, “Blackstone”) has announced that it has received firm commitments to raise up to a total of $17.8M (before costs) through a placement of 42,426,356 fully paid ordinary shares (shares) at an issue price of A$0.42 per share.

What are the key highlights?

  1. Fidelity International to cornerstone the capital raise with an $8M investment.
  2. Funds will be used to advance the Ta Khoa Nickel Project, including additional exploration and resource drilling, Pre-Feasibility Study (PFS) and Definitive Feasibility Study (DFS) work.
  3. Blackstone to offer Share Purchase Plan to Eligible Shareholders to raise $3M.

For further information, please refer to the announcement linked below.

Managing Director's Summary

Scott Williamson

"We’re excited to welcome new long term institutional investors to our register and the opportunity to raise $21 Million for Blackstone to support the ongoing exploration, resource drilling and future studies at the Ta Khoa Project.”

Scott Williamson
Managing Director, Blackstone Minerals Ltd
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