Blackstone Minerals Raises AU$600,000 Under At-the-Market Subscription Agreement with Acuity Capital

MT Newswires Live
05/12

Blackstone Minerals (ASX:BSX) raised AU$600,000 by setting off 12.4 million collateral shares as part of its at-the-market subscription agreement with Acuity Capital, according to a Friday filing with the Australian bourse.

The set-off shares have a deemed price of AU$0.0485 apiece. Following the release, Acuity Capital no longer has collateral shares that it needs to return to Blackstone Minerals, the filing stated.

The mining company said the additional capital will ensure it is well funded amid its merger with IDM International.

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