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BLACKTHORN RESOURCES RAISES $10 MILLION THROUGH A PRIVATE PLACEMENT TO GLENCORE | |
23 March 2011
Blackthorn Resources Limited (ASX:BTR) (�the Company� or �Blackthorn Resources�) is pleased to announce the placement of 16,032,700 ordinary shares to its joint venture (JV) partner for the Perkoa Zinc Project in Burkina Faso, Glencore International AG (Glencore). The placement, which will raise approximately $10 million, will be acquired at a price which is a 20% premium to the 45 day volume weighted average share price (VWAP) based on the 45 trading days prior to 22nd March, which equates to 0.6245 cents per share.
To view today's announcement please click here.
Kind Regards, Blackthorn Resources Ltd www.blackthornresources.com.au
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info@blackthornresources.com.au | www.blackthornresources.com.au
Ph: +61 2 9357 9000 | Fax: +61 2 9332 1336
Level 5, Suite 502, 80 William Street, Sydney 2011 NSW Australia
ABN: 63 009 193 980
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Blackthorn Resources Limited
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DEVELOPMENT STAGE |
CODE : AIM.AX |
ISIN : AU000000AIM1 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Blackthorn Res is a zinc and nickel development stage company based in . Blackthorn Res develops zinc, nickel and silver in Burkina Faso, and holds various exploration projects in South Africa. Its main asset in development is PERKOA in Burkina Faso and its main exploration properties are MUMBWA in Zambia and MOKOPANE in South Africa. Blackthorn Res is listed in Australia. Its market capitalisation is AU$ 384.8 millions as of today (US$ 245.5 millions, € 230.6 millions). Its stock quote reached its highest recent level on January 04, 2008 at AU$ 1.60, and its lowest recent point on December 01, 2008 at AU$ 0.01. Blackthorn Res has 1 068 849 953 shares outstanding. |