leadf
logo-loader
viewBlack Rock Mining Ltd

Black Rock Mining directors demonstrate confidence in Tanzanian graphite strategy by participating in rights issue

The company’s flagship Mahenge Graphite Project is spread across 324 square kilometres of exploration tenements in Tanzania’s Ulanaga district.

Black Rock Mining Ltd - Black Rock Mining board of directors demonstrate confidence in the company’s Tanzanian graphite strategy through participating in the entitlement offer
Several milestones have been passed lately on the road towards development at Mahenge

Black Rock Mining Ltd (ASX:BKT) board of directors demonstrated confidence in the company’s Tanzanian graphite strategy by participating in the rights offer announced on July 3.

The rights offer capped at $1.65 million resulted in applications from existing shareholders for shares valued at more than $2.4 million.

Funds will be allocated to the development of Black Rock's Mahenge Graphite Project in Tanzania.

Director purchases

Black Rock chief executive officer and managing director John de Vries acquired a total of 252,121 shares at 4.2 cents each, increasing the total number of securities held after the change to more than 4.286 million.

Non-executive director and company secretary Gabriel Chiappini purchased 424,555 shares, increasing his total number of securities held after the change to more than 7.317 million.

Chairman Richard Crookes has acquired 213,079 shares, increasing the total number of securities held after the change to more than 2.918 million.

Non-executive director Ian Murray has purchased 362,151 shares, increasing his total number of securities held after the change to 6,156,571 shares.

Quick facts: Black Rock Mining Ltd

Price: 0.056 AUD

ASX:BKT
Market: ASX
Market Cap: $37.42 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Black Rock Mining Ltd named herein, including the promotion by the Company of Black Rock Mining Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Black Rock Mining agrees MOU with major Korean industrial group for Mahenge...

Black Rock Mining Ltd's (ASX:BKT) managing director and CEO John de Vries speaks to Proactive's Andrew Scott after signing a non-binding Memorandum of Understanding (MOU) with major Korean industrial group POSCO to form a strategic alliance and development relationship for the Mahenge Graphite...

on 10/6/20

2 min read