Australia  

Trusted News Discovery Since 2008
One News Page
> >

Black Rock Mining investor Copulos Group ups stake to 21.15%

Proactive Investors Monday, 26 August 2019
Black Rock Mining Ltd (ASX:BKT) significant investor Stephen Copulos has increased his voting stake in the Mahenge Graphite Project developer to 21.15% through Copulos Group and its related companies. Substantial holder Copulos Group has increased its stake to more than 131.657 million shares valued at almost $9 million after its investment Black Rock collected $3 million during a placement. The broad portfolio investment group based in Victoria upped its stake by about $1 million, using the placement’s 7 cent share issue price. The investor has exposure to a number of mining investments on the Australian Securities Exchange and has increased its holding by 14.7 million shares, or 13%, since its last notice on April 16, 2019. Black Rock’s placement to institutional and professional investors was designed to support the graphite project developer’s financing efforts as it undertakes final permitting activities for its proposed Mahenge graphite operation in Tanzania. West Perth company Black Rock has a market capitalisation of $42.3 million and hopes to progress its wholly-owned project to construction-ready status. It is being supported on the financing front by Ironstone Partners. Black Rock Mining chief executive officer John de Vries said two weeks ago: “We are delighted with the level of support we have received from our cornerstone investors and from our board. “This placement of $3 million enables Black Rock to progress financing activities with a view to being construction ready for delivery of the Mahenge Graphite Project on resolution of the structure of the Tanzanian Government’s participation in the project. “With the completion of our technical work program, we can now confidently focus on completing our financing and commercial activities, and completing documentation the structure of the Tanzanian Government participation in the project. “We look forward to progressing the project to financing and execution.” Copulos Group has also held retail, food and beverage, manufacturing and property development investments in its portfolio over the years. Black Rock last changed hands at 6.8 cents.
0
shares
ShareTweetSavePostSend
 
Credit: FOX 4 Now Florida - Published < > Embed
News video: Lee County Commissioners approve more lime rock mining in Fort Myers

Lee County Commissioners approve more lime rock mining in Fort Myers 01:41

Lee County Commissioners approve more lime rock mining in Fort Myers

Recent related videos from verified sources

Whitney Houston And Biggie Among Rock & Roll Hall Of Fame Inductees [Video]Whitney Houston And Biggie Among Rock & Roll Hall Of Fame Inductees

Late superstar Whitney Houston and 5 other artists and bands made the Rock and Roll Hall Of Fame inductee list. Reuters reports the group represents a wide range of musical genres, including pop,..

Credit: Wochit Entertainment     Duration: 00:37Published

Tourists flock to volcanic rock formation in Vietnam which looks like honeycomb [Video]Tourists flock to volcanic rock formation in Vietnam which looks like honeycomb

Ganh Da Dia in Vietnam is a volcanic rock formation that looks as if it's honeycomb on the inside of a beehive.

Credit: Newsflare STUDIO     Duration: 04:52Published


Recent related news from verified sources

Black Rock Mining confirms 2020 shaping up to be ‘defining year’

Black Rock Mining Ltd (ASX:BKT) has confirmed that 2020 is shaping up to be a defining year for the company with a highly proactive approach to graphite mining...
Proactive Investors

Kin Mining identifies promising new mineralised zones at Cardinia Gold Project

Kin Mining NL (ASX:KIN) has identified large new zones of gold-rich volcanogenic massive sulphide (VMS) mineralisation and epithermal vein-hosted gold...
Proactive Investors

You Might Like


Tweets about this

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2020 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.