Black Iron Inc. announces that it has closed its previously announced non-brokered private placement of units of the Company. Pursuant to the Offering, the Company issued a total of 36,534,420 units at a price of $0.05 per Unit for gross proceeds of $1,826,721. Interest to participate in the Offering was extremely strong and Black Iron management [...]
Black Iron announces it intends to complete a non-brokered private placement financing of up to 36,534,420 units of the Company at a price of $0.05 per Unit for maximum gross proceeds of $1,826,721. Each Unit shall consist of one common share of the Company and one-third of one common share purchase warrant entitling the holder to acquire a Common [...]
Black Iron's globally top ranked iron ore project construction financing plan to be presented at the Spring Investor Summit on March 25th in New York City. The Spring Investor Summit will take place at the Essex House, featuring 100 companies and over 500 institutional and retail investors. About Black Iron Black Iron Inc. is developing an iron ore [...]
Black Iron Inc. management continue to make very positive progress in discussions with steel mills and global commodity trading companies that are showing strong interest to fund a meaningful amount of the expected US$452 million required to construct phase 1 of its Shymanivske iron ore project in exchange for securing offtake rights. The offtake [...]
Black Iron Inc. management continue to make sound progress arranging the financing for Shymanivske project construction, including the receipt of expressions of interest from European banks and export credit agencies to provide US$250 to 300 million of debt. Construction of phase one to produce four million tonnes per year of 68% iron content [...]
Black Iron Inc. management have achieved a MAJOR milestone in its Shymanivske project development by agreeing on terms with Ukraine's Government to acquire a key parcel of land that is being used by Ukraine's Ministry of Defense for location of Black Iron's future processing plant, tailings and waste rock stockpiles. A Memorandum of Understanding [...]
Black Iron Inc. reports that senior management met late last week with Ukraine's newly elected Prime Minister and Minister of Economy to discuss the importance of Black Iron's project to Ukraine given the high level of interest from foreign investors to fund construction, large number of new highly skilled jobs that will be created and the [...]
Black Iron Inc. has closed on the first funding amount of CAD$2,250,000 pursuant to its previously announced convertible security funding agreement with Lind Global Macro Fund LP. Pursuant to the Agreement, Black Iron may issue to Lind convertible securities in the principal amount of up to CAD$11 million. Pursuant to the Agreement the Company has [...]
Black Iron Inc. reports it has executed a convertible security funding agreement with Lind Global Macro Fund LP pursuant to which Black Iron may issue to Lind convertible securities in the principal amount of up to CAD$11 million. Under the terms of the Agreement, Lind will make an initial investment of CAD$2.25 million less a commitment fee of [...]
Black Iron Inc. continues to advance the Shymanivske Iron Ore Project towards construction with management efforts focused on securing funding for construction and land usage rights. The recent drop in share price is potentially attributed to a combination of shares from the April 2019 private placement becoming free trading and a decline in the [...]
Black Iron Inc. reports that it has filed the independent contractor agreement dated January 1, 2014 between the Company and Forbes & Manhattan, Inc. on SEDAR under the Company’s profile. Pursuant to the F&M Agreement, Forbes & Manhattan, Inc. provides management, business and operational consulting services to the Company. The dissemination of [...]
Black Iron Inc. reports, recently elected Ukraine President Zelensky along with several Ministers from Ukraine's Government will be in Toronto next week and Black Iron's CEO Matt Simpson is participating in several meetings including a panel at the Ukraine House event on July 3rd being moderated by the Chairman of UkraineInvest. Good progress is [...]
