viewBlackham Resources Ltd

Blackham Resources extends closing date of rights issue

The company is working with Pacific Road capital to finalise a funding package.

Picture of gold mine
The current rights issue is part of the $60 million funding package

Blackham Resources Ltd (ASX:BLK), a Western Australian gold producer, has extended the closing date of its renounceable pro-rata entitlement offer to shareholders to Friday, 22 December 2017.

This is in response to a number of shareholders advising that there had been a delay in them receiving their prospectus and entitlement and acceptance form.

The company continues to work with Pacific Road Capital towards the finalisation of the formal legal documentation surrounding the recently outlined $60 million funding package.

READ: Blackham Resources assays bode well for a gold resource upgrade

The company's Wiluna-Matilda Gold Operation includes resources of 65 million tonnes at 3.1 g/t gold for 6.5 million gold ounces.

The reserve definition drilling program at Bulletin has been completed as part of the expansion study and will provide the basis for a reserve update for the Bulletin underground mine.

Quick facts: Blackham Resources Ltd

Price: 0.009 AUD

Market: ASX
Market Cap: $42.45 m

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