RAB Capital Increases Shareholding in Black Iron with Warrant Exercise
ACCESSWIRE
21 May 2021, 01:19 GMT+10
TORONTO, ON / ACCESSWIRE / May 20, 2021 / Black Iron Inc. ( Black Iron or the Company ) (TSX:BKI)(OTC PINK:BKIRF)(FWB:BIN) announces that the Company s largest shareholder RAB Capital Holdings Limited ( RAB Capital ) has exercised 9.2 million warrants to increase its holding of common shares of the Company from 10.5% to 13.5%.
RAB Capital Co-Founder and President Phillip Richards stated: RAB Capital is pleased to exercise all of its warrants in support of the Black Iron management and their development plans. RAB is excited by the substantial proposed investment from Cargill into the Shymanivske project and believe that their global reach and over 30 years experience in Ukraine can only help make the Shymanivske project a reality. Even at much lower iron ore prices this project should be very profitable and RAB believes that the high-grade magnetite enables the producti
RAB Capital Increases Shareholding in Black Iron with Warrant Exercise
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RAB Capital Increases Shareholding in Black Iron with Warrant Exercise
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RAB Capital Increases Shareholding in Black Iron with Warrant Exercise
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