Gold miner Blackham Resources will raise A$26-million through a fully underwritten renounceable entitlement offer to fund its production expansion to 100 000 oz/y. Eligible shareholders will be offered five new fully paid ordinary shares for every four shares held, at a price of 1.5c each, to raise the funds. The company will also issue one free attaching option for every three new shares issued, with the options exercisable at 3c each before October 2020.
