Blackheath Resources Closes Private Placement’s First Tranche

Blackheath Resources Inc. (TSXV:BHR,FWB:04B) closed the first tranche of its previously announced non-brokered private placement.

As quoted in the press release:

The Company raised gross proceeds of $500,000 through the issuance of 2,000,000 units at a price of $0.25 per unit. Each unit is comprised of one common share of the Company and one-half of one non-transferable common share purchase warrant (a “Warrant”).

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