Black Iron Raises C$2.61 Million; RPX Gold Upsizes Placement to C$12.3 Million
Black Iron issued 26.1 million units at C$0.10 per unit for gross proceeds of C$2.61 million (US$1.88 million) to complete its non-brokered private placement. RPX Gold increased its “best efforts” placement to C$12.3 million, offering combinations of common shares and units priced at C$0.17, C$0.204 and C$0.238.
1. Black Iron completes non-brokered private placement
Black Iron issued 26.1 million units at C$0.10 per unit for gross proceeds of C$2.61 million (approximately US$1.88 million), completing its non-brokered private placement offering. The injection of capital strengthens the company’s liquidity as it advances its iron ore development projects.
2. RPX Gold upsizes ‘best efforts’ placement to C$12.3 million
RPX Gold amended its agreement with lead agent Haywood Securities and syndicate partners to increase its private placement to C$12.3 million. The upsized offering allows investors to subscribe to common shares or units across three price points—C$0.17, C$0.238 and C$0.204—enhancing subscription flexibility.