Blackheath Resources Announces $1 Million Private Placement

 Blackheath Resources Inc. (TSXV:BHR,FWB:04B) announced a non-brokered private placement of up to 4,000,000 units, at $0.25 per Unit, for aggregate gross proceeds of up to $1 million.

As quoted in the press release:

Each Unit will be comprised of one common share of the Company and one half of one non-transferable common share purchase warrant (a “Warrant”). Each full Warrant will entitle the holder to purchase one additional common share of the Company at an exercise price of $0.35 per share for a period of 24 months from closing of the Private Placement.

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