Black Iron Inc T.BKI

$10m raise

[SomeFromNone]

if they can get all the stuff mentioned in the article done with this raise, then I'm happy with it... "The Company intends to use the net proceeds of the Offering for (a) the completion of a Feasibility Study for the Company's Shymanivske Iron Ore Project, (b) the completion of an Environmental and Social Impact Assessment, (c) paying for a portion of the relocation and construction of a new Ukrainian military firing range and ammunition depot to secure access to land required for the Project"

[SomeFromNone]

also, this is an interesting change, that looks likely to be a much better deal for us..: "paying for a PORTION of the relocation and construction of a new Ukrainian military firing range and ammunition depot to secure access to land required for the Project".. so I guess we're not paying for barracks anymore, and we're only paying for a portion of the range! Nice! Matt probably

[wallywagon]

So Dilution of 30 Million share? warrants attached ? 1/2 or full Didnt bother reading it. The delay in raising money needed to further advance this already friggin delayed project is unacceptable. He better make up 2 months of wasted time where he just lined his pockets GLTA

[SomeFromNone]

no warrants mentioned in the article at all. The agent can buy up to 1.5m shares if they want but that's it. And the price for all the shares will be market price. To be honest I think he's going to complete the feasibility study and environmental assessment early.. and like I said it looks like he did some great work on the land transfer for us! Overall, if Matt can get those three things

[wallywagon]

I'll believe it when I see it. GIDDY UP MATT!!!

[IvanGubinski]

F my a s. Cannot believe where it is going. Mmmmmmmmat!

[6pako6]

well... to the moon Ivan!

[SomeFromNone]

sorry I just saw my mistake - they can buy $1.5m in shares if they want, not 1.5m.. an extra 15% of the offering. I know it's delayed I just wanted to correct myself

[IvanGubinski]

Everyone. PLease try not to sell in the following days until Cannacord gets their share sold to the public. The higher price they sell , then we get less diluted.  Today is a big day for Shymanivski.  OMG, sharp drop in the morning, I really doubted if I was really overestimating BKI and Matt. Nonetheless, he is bringing the team ahead.