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LATEST FIRM TRANSACTION

Black Iron Completes $2.25 Million First Funding of Convertible Security Financing

September 27, 2019

Black Iron Inc. (TSX: BKI), an iron ore exploration and development company with assets located in Ukraine, has completed the first funding amount of $2,250,000 pursuant to a convertible security funding agreement with Lind Global Macro Fund LP. Under the terms of the agreement, Black Iron may issue to Lind convertible securities in the principal amount of up to $11,000,000.

Wildeboer Dellelce LLP acted for Black Iron in connection with the financing with a team that consisted of Michael Rennie and Carlye Bellavia (corporate/securities), James Padwick (debt products) and Katy Pitch (tax).

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