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BRC Broca

1.875
0.00 (0.00%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Broca LSE:BRC London Ordinary Share GB0034312214 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.875 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.875 GBX

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Date Time Title Posts
05/4/202400:16Blackrock Silver (TSXV)10
12/8/201408:10BRC former RGO New begining35
20/3/200515:52Bora Communications3
09/4/200215:06See Yer !!!!1

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Posted at 05/4/2024 00:15 by stu31
BLACKROCK SILVER CLOSES $5.75 MILLION BOUGHT DEAL FINANCING; OVER-ALLOTMENT OPTION EXERCISED IN FULL
January 26, 2024
Vancouver, British Columbia – (January 26, 2024) – Blackrock Silver Corp. (TSXV: BRC) (the “Company”; or “BlackrockR21;) is pleased to announce that it has completed its previously announced and upsized “bought deal” public offering of 28,750,000 units of the Company (each, a “Unit”) at a price of $0.20 per Unit (the “Offering Price”) for aggregate gross proceeds of $5,750,000 (the “Offering̶1;). The completed Offering includes the exercise in full of the Underwriters’ (as defined herein) over-allotment option for the sale of 3,750,000 Units for proceeds of $750,000.

Each Unit consists of one common share of the Company (each, a “Common Share”) and one half of one Common Share purchase warrant (each whole warrant, a “Warrant”;). Each Warrant entitles the holder thereof to purchase one Common Share of the Company at a price of $0.30 at any time on or before January 26, 2027.

The Offering was conducted by Red Cloud Securities Inc., acting as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters which included Leede Jones Gable Inc., PI Financial Corp. and Research Capital Corporation (collectively, the “Underwriters”). In connection with the Offering, the Company paid to the Underwriters a cash commission of $336,000 and issued to the Underwriters 1,680,000 Common Share purchase warrants (the “Compensation Warrants”). Each Compensation Warrant entitles the holder thereof to acquire one Common Share at a price of $0.20 per Common Share at any time on or before January 26, 2027.

The Offering was completed pursuant to a prospectus supplement of the Company dated January 19, 2024 to the short form base shelf prospectus of the Company dated August 4, 2023 in each of the provinces and territories of Canada (except Québec), and in the United States on a private placement basis pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) and applicable state securities laws and other jurisdictions. The Offering remains subject to the final approval of the TSX Venture Exchange (the “TSX-V”).

The net proceeds raised under the Offering will be used by the Company to complete the final option payment on the Company’s flagship Tonopah West project (“Tonopah West”) in Nevada, after which the Company will own 100% of Tonopah West, for expansion drilling and to continue with metallurgical characterization, engineering evaluation, and hydrological assessment at Tonopah West, as well as for general working capital and corporate purposes.

One insider of the Company purchased or acquired direction and control over a total of 75,000 Units under the Offering. The sale to such person constitutes a “related party transaction” within the meaning of TSX-V Policy 5.9 (the “Policy”) and Multilateral Instrument 61‑101 ‑Protection of Minority Security Holders in Special Transactions (“MI 61‑101”) adopted in the Policy. The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61‑101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61‑101 in respect of the related party participation in the offering as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the related party, exceeded 25% of the Company’s market capitalization (as determined under MI 61-101).

The securities offered pursuant to the Offering have not been, nor will they be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Blackrock Silver Corp.

Backed by gold and silver ounces in the ground, Blackrock is a junior precious metal focused exploration company driven to add shareholder value via the drill bit. With 6.12 million tonnes grading 508.5 g/t silver equivalent[1] at its Tonopah West project, and a new bonanza-grade gold discovery at its Silver Cloud project, the Company has a proven track record of exploration success. In addition to its gold and silver project portfolio, the Company is credited with a lithium discovery, the Tonopah North project, which is under option to a lithium exploration group. Anchored by a seasoned Board of Directors, the Company is focused on its 100% controlled Nevada portfolio of properties consisting of low-sulphidation, epithermal gold and silver mineralization located along the established Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada.
Posted at 21/1/2024 21:33 by stu31
BLACKROCK SILVER ANNOUNCES UPSIZE TO PREVIOUSLY ANNOUNCED BOUGHT DEAL FINANCING TO $5.0 MILLION

January 19, 2024
Vancouver, British Columbia – (January 19, 2024) – Blackrock Silver Corp. (TSXV: BRC) (the “Company”; or “BlackrockR21;) is pleased to announce that the Company has increased the gross proceeds of its previously announced “bought deal” public offering to C$5,000,000 (the “Offering̶1;). The Offering has been upsized to include an investment from a singular strategic investor that will allow for the drilling of high-priority resource expansion targets at the Company’s flagship Tonopah West project in Nevada (“Tonopah West”).

Under the Offering, the Underwriters (as defined herein) have agreed to purchase for resale 25,000,000 units of the Company (each, a “Unit”) at a price of C$0.20 per Unit (the “Offering Price”). Red Cloud Securities Inc. is acting as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the “Underwriters”).

Each Unit will consist of one common share of the Company (each, a “Common Share”) and one half of one Common Share purchase warrant (each whole warrant, a “Warrant”;). Each whole Warrant shall entitle the holder to purchase one Common Share of the Company at a price of C$0.30 at any time on or before that date which is 36 months after the closing date of the Offering.

The Company has granted to the Underwriters an option exercisable at the Offering Price for a period of 30 days after and including the closing date of the Offering, to purchase for resale up to an additional 15% of the number of Units sold under the Offering to cover over allotments, if any, and for market stabilization purposes. The Offering is expected to close on or about January 26, 2024 (the “Closing Date”) and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

The net proceeds raised under the Offering will be used by the Company to complete the final option payment on Tonopah West, after which the Company will own 100% of Tonopah West, for expansion drilling and to continue with metallurgical characterization, engineering evaluation, and hydrological assessment at Tonopah West, as well as for general working capital and corporate purposes.

The Units will be sold by way of a prospectus supplement to be filed in all of the provinces of Canada except Québecto supplement the short form base shelf prospectus of the Company dated August 4, 2023. The Units may also be sold in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and in such other jurisdictions outside of Canada and the United States, in each case in accordance with all applicable laws provided that no prospectus, registration statement or similar document is required to be filed in such jurisdiction.

The securities being offered pursuant to the Offering have not been, nor will they be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Blackrock Silver Corp.

Backed by gold and silver ounces in the ground, Blackrock is a junior precious metal focused exploration company driven to add shareholder value via the drill bit. With 6.12 million tonnes grading 508.5 g/t silver equivalent[1] at its Tonopah West project, and a new bonanza-grade gold discovery at its Silver Cloud project, the Company has a proven track record of exploration success. In addition to its gold and silver project portfolio, the Company is credited with a lithium discovery, the Tonopah North project, which is under option to a lithium exploration group. Anchored by a seasoned Board of Directors, the Company is focused on its 100% controlled Nevada portfolio of properties consisting of low-sulphidation, epithermal gold and silver mineralization located along the established Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada.
Posted at 14/1/2024 23:43 by stu31
BLACKROCK SILVER ANNUAL LETTER TO SHAREHOLDERS

December 28, 2023, ‑ Vancouver, British Columbia. Blackrock Silver Corp. (the “Company”;, “BlackrockR21;, “we”, “our” or “us”) is pleased to provide the following Shareholder letter.

Dear Shareholders,

2023 proved to be a pivotal year for us, with our flagship Tonopah West project stepping into the spotlight as one of the preeminent silver deposits in the industry having surpassed 100M AgEq ounces at a block diluted grade of 509 g/t AgEq following delivery of our latest mineral resource estimate (MRE) in October[1].

Less than four short years from our initial discovery hole, we have now delivered two mineral resource estimates, rapidly creating intrinsic value at the project level with our latest MRE seeing our ounces increase by 2.36X and grade improve by 14%. Further expansion potential requires no leaps in logic, with “step-in”; drilling along the vein corridor easily conveyed that will seek to connect our 3 deposit areas together as one cohesive silver-gold system spanning over 4 kilometres, while also remaining wide open along strike to the northwest and at depth. Your Company has overseen one of the largest new silver discoveries of the last decade and has cemented Tonopah West’s position as the highest-grade undeveloped large silver-rich project in the world[2].

In addition to high grades and significant size potential, another clear differentiator of Tonopah West is the straightforward metallurgy. All of the historic production from the Tonopah silver district[3] was from a doré produced at site. Well known Kappes and Cassidy and Associates from Reno, Nevada, completed our initial test work which lines up very well with historic reports, with recoveries averaging 95% for gold and 87% for silver, with no need envisioned for costly extra steps to create a lead/zinc concentrate or requiring the involvement of a smelter.

With our resource situated entirely on patented claims in Nevada, the Tonopah West project has a streamlined process with the State of Nevada for exploration, development and construction applications and approvals.

As 2023 comes to a close, the Company is in the process of finalizing its 2024 plans that are to be duel focused on both resource expansion and the continued de-risking of the project. Further infill drilling is planned to link the deposits as one, and engineering and hydrologic studies are already underway, all of which will form the basis for a maiden preliminary economic analysis anticipated in 2025.

But that’s not all. At Silver Cloud the Company made a bonanza grade gold and silver discovery at the Northwest Canyon target (see January 17, 2023 news). The follow-up of the discovery intercept (70 g/t gold and 600 g/t silver over 1.5 metres) was initiated in 2023, but following the high grade has proven to be tricky, though I’m confident the Nevada team will sort it out.

In 2023, the Company completed an Exploration and Development Agreement on Tonopah North (see January 10, 2023 news). Our partner, Tearlach, is spending their money to explore for and develop a lithium deposit on our land holdings, and shareholders will control 30% of a potentially large lithium resource if our partner is successful.

With gold recently surpassing all time highs, and silver consumption projected to put the metal into deficit territory next year, there’s a lot of light quickly emerging at the end of the tunnel for investors, especially with the Fed now openly projecting rate cuts following the most aggressive hiking cycle in modern history. We’ve navigated the choppy waters of the industry as best we could over the last few years, doing so without blowing out our share structure and with a resolute focus on adding substantial intrinsic value at the project level. This is a management team that prides itself on doing what it says they’re going to do. The day is coming, and it’s my vision that day is very soon, where it, and we, will be rewarded for that in the marketplace.

For those wanting to learn more about our story, I invite you to watch our short presentation from the Precious Metals Summit Zurich in November: Watch Here

I wanted to take the opportunity to thank all those stakeholders that supported us this year, our incredible team, Board of Directors, consultants, advisors, lawyers, bankers, and all those that played their crucial part in our story. Our Nevada technical team, led by Bill Howald, have done a masterful job in taking the project from what were a few conceptual drill targets just a handful of years ago to making one of the great silver discoveries of the decade, while bringing new life to one of Nevada’s most cherished mining camps in the process.

Most of all, I wanted to thank our shareholders for their continued support. Blue skies ahead!

On behalf of everyone at Blackrock Silver, I wish you all a very healthy and prosperous New Year!

Sincerely,

Andrew Pollard,

Blackrock Silver, President & Chief Executive Officer

About Blackrock Silver Corp.

Backed by gold and silver ounces in the ground, Blackrock is a junior precious metal focused exploration company driven to add shareholder value via the drill bit. With 6.12 million tonnes grading 508.5 g/t silver equivalent[4] at its Tonopah West project, and a new bonanza-grade gold discovery at its Silver Cloud project, the Company has a proven track record of exploration success. In addition to its gold and silver project portfolio, the Company is credited with a lithium discovery, the Tonopah North project, which is under option to a lithium exploration group. Anchored by a seasoned Board of Directors, the Company is focused on its 100% controlled Nevada portfolio of properties consisting of low-sulphidation, epithermal gold and silver mineralization located along the established Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada.
Posted at 27/10/2021 15:40 by stu31
Blackrock Announces Increase Of Private Placement To C$7.0 Million
Post published:October 25, 2021

Vancouver, British Columbia – (October 25, 2021). Blackrock Silver Corp. (TSXV: BRC) (the “Company”;) is pleased to announce that, due to demand from potential investors, its nonbrokered private placement announced on October 20, 2021 has been increased by C$1,000,000 (or 1,250,000 units) to 8,750,000 units (the “Units”) at a price of C$0.80 per Unit for gross proceeds of C$7,000,000 (the “Offering̶1;) and is fully subscribed. Each Unit is comprised of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share in the capital of the Company at a price of C$1.20 per share for a period of two years from the date the Units are issued.

The terms of the Offering and the Units, the proposed use of proceeds, possible finders’ fees, and some anticipated insider placees are otherwise as previously disclosed.

The Offering is now scheduled to close on or about November 3, 2021, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.

The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act “) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Blackrock Silver Corp.

Blackrock is a junior gold-focused exploration company that is on a quest to make an economic discovery. Anchored by a seasoned Board, the Company is focused on its Nevada portfolio of properties consisting of low-sulphidation epithermal gold & silver projects located along the established Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada.
Posted at 30/7/2014 14:19 by euclid5
Issue here is they will have 1.845b shares in issue - but the upside it will buy a stake in CTP or issue a sensible loan to them to expand further their business model

Plus large holders own 90% os BRC shares so only 184m in free float

agree smithie6 - UBC holders lost out after SC sold off Boom for nothing - should of bought into Boom on 1st day of re listing into RTO
Posted at 29/7/2014 22:29 by loftus16
Cash will be nearer £11m. No idea how long it will last but the relative share prices, post their maiden deals, tell what the wider market's view is. Put it this way, we've had our placing for now, so who's next? We will be advising and charging a fee to whoever it is. The bigger the better.
Posted at 08/5/2014 18:44 by jackabite
loftus

yes it is 6% and valued at cash.

BRC is maybe 4-6 months behind CTP so plenty time.

I have taken a nice little position and will let them run, I do think this could fall before it rises as time elapses ect but I'm happy to allow that as I have a wedge put away for a dip when it inevitably comes.

Reason for the early entry is simple, it could end up part of a bigger story out of the blue, if not no problem and take top ups as and when I see fit to do so. CTP will move well before this does but no harm throwing my hat in the ring here.
Posted at 08/5/2014 15:40 by jackabite
Change of Ticker

The Company is pleased to confirm the change of its ticker from RGO to BRC with immediate effect.

Old RGO was sold of for a % of eagle eye EYE and BRC also have cash from that deal. I will outline in more detail later. I will give a run down of what cash is avail and percentage of holding in EYE etc.
Broca share price data is direct from the London Stock Exchange

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