Blackheath Resources (BHR.V) has announced it closed a first tranche of C$500,000 of the private placement it announced in December of last year. It’s encouraging to see half of the eyed C$1M has already been raised and we think the remainder of the amount will be raised shortly.
According to Canadianinsider.ca, CEO Jim Robertson and Vice President Alexander Langer purchased 132,000 shares of Blackheath in this placement, and it’s encouraging to see the members of the management team are putting their money where their mouths are.
> Click here to read the press release
Disclosure: The author holds a long position in Blackheath Resources. Blackheath is a sponsor of the website. Please see our disclaimer for current positions.
