Blackham Agrees Placement
Perth, Sep 20, 2012 AEST (ABN Newswire) - Blackham Resources Ltd (
ASX:BLK) has secured $1.1 million in funds to progress the exploration program at its 100%-owned Matilda Gold Project which currently yields 1.35 million ounces of JORC-compliant gold resources. Blackham has agreed to issue 5,800,000 ordinary shares ("the Placement") at AU$0.19 per share to professional and sophisticated investors and a separate disclosure document is not required. Approval for the Placement was given in its general meeting of the 29 June 2012. The lead manager of the placement was Paradigm Securities.
Blackham's Managing Director, Bryan Dixon, stated, "The Placement will allow Blackham to fund further infill and extension drilling, complete a scoping study and begin its critical path feasibility work at the Matilda Mine.
About Wiluna Mining Corporation Ltd
Wiluna Mining Corporation (ASX:WMC) (OTCMKTS:WMXCF) is a Perth based, ASX listed gold mining company that controls over 1,600 square kilometres of the Yilgarn Craton in the Northern Goldfields of WA. The Yilgarn Craton has a historic and current gold endowment of over 380 million ounces, making it one of most prolific gold regions in the world. The Company owns 100% of the Wiluna Gold Operation which has a defined resource of 8.04M oz at 1.67 g/t au. In May 2019, a new highly skilled management team took control of the Company with a clear plan to leverage the Wiluna Gold Operation's multi-million-ounce potential.
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