Black Mountain Resources raises $1m for Uganda mine

June 21, 2017

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Vermiculite miner Black Mountain Resources has raised $1-million, with the funds to be immediately deployed to delivering operational improvements at its Namekara mine, in Uganda. The ASX-listed miner said the funds were raised through the placement of 25-million fully paid ordinary shares at $0.04 apiece to new cornerstone investor, Investmet. Headed by Michael Fotios, Investmet is an experienced resources sector investor, and its team of highly capable …

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