Brief: Corazon Mining Receives Commitment For Placement To Raise A$2 Million From Blackstone Minerals

Blackstone Minerals

03/03/2022 01:11

March 3 (Reuters) - Corazon Mining Ltd  CZN.AX :
    * RECEIVED A FIRM COMMITMENT FOR A PLACEMENT TO RAISE A$2
MILLION
AT A$0.04/SHARE FROM BLACKSTONE MINERALS LIMITED
    * PROPOSING TO OFFER NON-RENOUNCEABLE  ENTITLEMENT OFFER, ON
A
ONE-FOR-ONE BASIS AT A$0.03 PER SHARE, TO RAISE UP TO A$10.7M
    * PLACEMENT WILL PROVIDE BLACKSTONE WITH A STRATEGIC EQUITY
HOLDING  IN CORAZON OF ABOUT 14.32%

Source text for Eikon:  ID:nASXbJvtxk 
Further company coverage:  CZN.AX 

 ((Reuters.Briefs@thomsonreuters.com;))