ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

BHR Blackheath Resources Inc

0.195
0.00 (0.00%)
15 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Blackheath Resources Inc TSXV:BHR TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.195 0.30 0.30 0 01:00:00

Blackheath Announces $1,000,000 Private Placement

20/12/2013 8:50pm

Marketwired Canada


Blackheath Resources Inc. (TSX VENTURE:BHR)(FRANKFURT:04B) is pleased to
announce that it plans to conduct a non-brokered private placement of up to
4,000,000 units (the "Units") at a price of $0.25 per Unit for aggregate gross
proceeds of up to $1,000,000 (the "Private Placement"). Each Unit will be
comprised of one common share of the Company and one half of one
non-transferable common share purchase warrant (a "Warrant"). Each full Warrant
will entitle the holder to purchase one additional common share of the Company
at an exercise price of $0.35 per share for a period of 24 months from closing
of the Private Placement.


Qualified persons acting as finders in connection with the Private Placement
will receive a cash commission of up to 7% of the proceeds raised from persons
introduced to the Company by the finders and non-transferable units ("Finders'
Units") equal to up to 7% of the number of Units sold to persons introduced to
the Company by the finders. Each Finders' Unit will be comprised of one common
share of the Company and one half of one non-transferable common share purchase
warrant having the same terms as the subscribers' Warrants.


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 and Vale das Gatas and for general working capital
purposes.


All securities issued under the Private Placement will be subject to a four
month hold period from the closing date under applicable Canadian securities
laws, in addition to such other restrictions as may apply under applicable
securities laws of jurisdictions outside Canada. The Private Placement is
subject to all necessary regulatory approvals including acceptance from the TSX
Venture Exchange.


About Blackheath:

Blackheath Resources Inc. is listed on the TSX Venture Exchange, and is focused
on the exploration and development of past-producing tungsten mines in Portugal.
Management of Blackheath has previous experience in tungsten mining operations
in Portugal through Primary Metals Inc., the operator of the Panasqueira
Tungsten Mine from 2003 to 2007. Further information about the company's
activities may be found at www.blackheathresources.com and under the company's
profile at www.sedar.com 


ON BEHALF OF THE BOARD

James Robertson, President, CEO and Director

Neither the TSX Venture Exchange nor its regulation services provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


This news release includes certain forward-looking statements or information.
All statements other than statements of historical fact included in this
release, including, without limitation, statements regarding plans for the
completion of a private placement financing and other future plans and
objectives of the Company are forward-looking statements that involve various
risks and uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. Important factors that
could cause actual results to differ materially from the Company's plans or
expectations include market prices, availability of capital and financing,
general economic, market or business conditions, regulatory changes, timeliness
of government or regulatory approvals and other risks detailed herein and from
time to time in the filings made by the Company with securities regulators. The
Company expressly disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future events
or otherwise except as otherwise required by applicable securities legislation.
The Company does not update forward-looking information, except as required by
applicable laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Blackheath Resources Inc.
Alex Langer
Vice President, Corporate Development
604.684.3800
info@blackheathresources.com
www.blackheathresources.com

1 Year Blackheath Resources Chart

1 Year Blackheath Resources Chart

1 Month Blackheath Resources Chart

1 Month Blackheath Resources Chart

Your Recent History

Delayed Upgrade Clock