Canadian iron ore exploration and development company Black Iron (TSX: BKI) (OTC: BKIRF) (GR: BIN) this
morning announced its appointment of Cutfield Freeman & Co Ltd as its
international financial advisor to negotiate and structure funding for
construction of its Shymanivske iron ore project. “Black Iron selected Cutfield
Freeman after a comprehensive process undertaken by the company given their
extensive experience in securing construction financing for junior mining
companies and global reach,” Black Iron CEO Matt Simpson said in the news release.
“Having very experienced mine finance Managing Directors located in Europe and
Asia, where project financing is most likely to be sourced from based on
interest shown to date, is critical to support our efforts to secure financing
for construction of the Shymanivske Project.”
To view the full press release, visit http://ibn.fm/vNJkV
About Black Iron Inc.
Black Iron is an iron ore exploration and development
company, advancing its 100%-owned Shymanivske Project located in Kryviy Rih,
Ukraine. The Shymanivske Project contains a NI 43-101 compliant resource
estimated to be 646 Mt Measured and Indicated mineral resources, consisting of
355 Mt Measured mineral resources grading 31.6% total iron and 18.8% magnetic
iron, and Indicated mineral resources of 290 Mt grading 31.1% total iron and
17.9% magnetic iron, using a cut-off grade of 10% magnetic iron. Additionally,
the Shymanivske Project contains 188 Mt of Inferred mineral resources grading
30.1% total iron and 18.4% magnetic iron. Full mineral resource details can be
found in the NI 43-101-compliant technical report entitled “Preliminary
Economic Assessment of the Re-scoped Shymanivske Iron Ore Deposit” effective
November 21, 2017, under the company’s profile on SEDAR. The Shymanivske
Project is surrounded by five other operating mines, including ArcelorMittal’s
iron ore complex. For more information, visit the company’s website at www.BlackIron.com.
NOTE TO INVESTORS: The latest news and updates
relating to BKIRF are available in the company’s newsroom at http://ibn.fm/BKIRF
About QualityStocksNewsBreaks
QualityStocksNewsBreaks provide
a rapid summary of corporate news that catch the attention of QualityStocks.
QualityStocksBreaks are designed to keep investors up to date on important and
breaking news in the small-cap and micro-cap markets. Spanning all industries,
including energy, entertainment, telecommunications, healthcare, retail and more,
these news breaks deliver opportunities the investment community may have
missed. Whether it is earnings results, mergers and acquisitions, or any other
market-moving news, our news breaks keep you in the know. QualityStocks is
committed to connecting subscribers with companies that have huge potential to
succeed in the short and long-term future. It is part of our mission statement
to help the investment community discover emerging companies that offer
excellent growth potential.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the
QualityStocks website applicable to all content provided by QS, wherever
published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment