Black Iron

BLACK IRON CLOSES UPSIZED AND FULLY SUBSCRIBED FINAL TRANCHE OF PRIVATE PLACEMENT

2019-04-05 02:07
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, CANADA, April 5, 2019 – Black Iron Inc. (“Black Iron” or the “Company”) (TSX: BKI; OTC: BKIRF; FRANKFURT: BIN), an iron ore development project ranked by CRU as the lowest cost undeveloped pellet feed project globally, announces that it has
FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Cubed
Investor Relations
+1 (647) 258-3311 or Toll Free: 1 888 258 3323

Black Iron Inc.
Matt Simpson
President & Chief Executive Officer
+1 (416) 309-2138
info@blackiron.com



Black Iron is a Canadian iron ore exploration and development company advancing its 100% owned Shymanivske Project located in Krivoy Rog, Ukraine, to production. This Shymanivske Project contains 345 million tonnes measured and indicated resources grading 32% iron and 469 million tonnes inferred resources grading 31% iron. The project is surrounded by five other operating mines including ArcelorMittal’s iron ore complex. Existing infrastructure, including access to power, rail and port facilities, allows for a quick development timeline to production.

Black Iron also holds an exploration permit for the adjacent Zelenivske Project, which it intends to further explore to determine its potential.



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