Blackham Resources Ltd (ASX:BLK) (OTCMKTS:BKHRF) is pleased to announce that it has successfully refinanced its non-amortising term loan with Orion Fund JV Limited, via a new secured $14.3 million financing arrangement with Blackham's key mining contractor, MACA Limited.
Blackham Resources Ltd
Blackham Resources Limited (ASX:BLK) (OTCMKTS:BKHRF), is an emerging gold producer focused on its Matilda Gold Project in Western Australia where mining and production is imminent. The Matilda/Wiluna Gold Operation incorporates over 1,000 square kilometres of tenements containing total JORC 2012 resources of 63Mt @ 3.2 g/t for 6.4Moz of gold. These tenements cover around 55 kilometres of strike along the Wiluna Mine Sequence and 10 kilometres of strike along the Coles Find Sequence. The Wiluna Mine and Coles Find Sequence has historically produced 4 million ounces of gold.
All the deposits are within 26 kilometres by existing haul roads of Blackhams recently acquired Gold Plant. With exploration prospects at Mt Poole, Monarch, Carroll Prior, Red Lady, Zenith, Island and Albion in the Lakeway area provides the company with excellent exploration areas for potential future projects.
Blackham Resources Ltd (ASX:BLK) (OTCMKTS:BKHRF) is pleased to provide the following operations and production update from its 6.5Moz Matilda-Wiluna Gold Operation for the quarter ended 31 December 2017 together with commentary on the strong operational outlook for 2018.
Blackham Resources Limited (ASX:BLK) (OTCMKTS:BKHRF) is very pleased to announce the granting of an extension by its lender, Orion Fund JV Limited, to defer the 31 December 2017 maturity repayment date of the Term Loan to 15 January 2018.
Blackham Resources Limited (ASX:BLK) (OTCMKTS:BKHRF) advises that it has extended the Closing Date of its renounceable pro-rata entitlement offer to shareholders to Friday, 22 December 2017. Blackham has decided to extend the Closing Date in response to a number of shareholders advising that there had been a delay in them receiving their Prospectus and Entitlement and Acceptance Form.
Blackham Resources Limited (ASX:BLK) (OTCMKTS:BKHRF) advises that in accordance with the timetable for the recently announced pro-rata renounceable entitlement issue, the Company has despatched the Entitlement Offer prospectus together with an Entitlement and Acceptance Form to Eligible Shareholders.
Blackham Resources Ltd (ASX:BLK) (OTCMKTS:BKHRF) provides Prospectus for a renounceable pro-rata rights issue to raise approximately $12,310,914 (before costs) at an issue price of 12 cents per New Share with Eligible Shareholders having an Entitlement to subscribe for 2 New Shares for every 7 Shares held.
Blackham Resources Ltd (ASX:BLK) (OTCMKTS:BKHRF) is pleased to provide an update on the Reserve Definition Drilling at the Bulletin Lode which has been completed as part of the Expansion Study and will provide the basis for a reserve update for the Bulletin underground mine.
Blackham Resources Ltd (ASX:BLK) (OTCMKTS:BKHRF) provides the Company's AGM Presentation 2017.
Blackham Resources Ltd (ASX:BLK) (OTCMKTS:BKHRF) has taken a major step towards completing the re-financing of the Matilda-Wiluna Operation with an agreed initial $60 million Funding Package with Pacific Road Capital. Blackham welcomes Pacific Road as a new cornerstone shareholder and substantial financial contributor to the 6.5Moz Matilda-Wiluna Gold Operation.
As stated in the Quarterly Report, Blackham Resources Ltd (ASX:BLK) (OTCMKTS:BKHRF) confirmed it had received strong interest in refinancing of its current debt position.