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Blackthorn Resources Limited (ASX:BTR) has launched a $40.1 million capital raising to fund the development of its 100 per cent owned Mumbwa project.
$1.10 per share is being offered to both institutional and retail investors which represents a 10.9 per cent discount to its last closing price.
Glencore International will participate in the institutional entitelemnet offer to maintain its 14.2 per cent current shareholding.
Blackthorn’s chief says, Mumb-wa is a world class iron-oxide, copper and gold deposit.
In first half of its 2012 financial year Blackthorn Resources booked a net loss of $1.6 million.
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Last
47.5¢ |
Change
-0.010(2.06%) |
Mkt cap ! $275.1M | |||
| Open | High | Low | Value | Volume |
| 48.0¢ | 49.0¢ | 46.5¢ | $1.218M | 2.558M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8487 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.5¢ | 7490 | 1 |
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| Last trade - 16.10pm 19/09/2025 (20 minute delay) ? |
| BTR (ASX) Chart |