Placing to Raise £300,000, Directors and CEO Purchase of Shares, Issue of Options and Operational Update
Blencowe Resources, the natural resources company focussed on the development of the Orom-Cross Graphite Project in Uganda, is pleased to provide the following corporate and operational update.
Highlights:
· £75,000 of these new shares acquired by Directors and the CEO showing strong support
· Directors and Senior Management issued with incentive share options
· Drilling completed at world class Orom-Cross graphite project in Uganda
· Samples recently sent to South Africa for assaying and maiden JORC Resource.
· Further samples sent to highly accredited SGS Lakefield laboratory in Canada for stage two metallurgical test work.