Blackham raises funds to advance Matilda expansion

ASX-listed gold developer Blackham Resources has raised A$35-million through a share placement to expedite the expansion of its Matilda/Wiluna operation, in Western Australia. The company on Friday announced that some 51.47-million shares, priced at 68c each, will be placed to institutional investors under the company’s available capacity. The issue price represented a 9% discount Blackham’s ten-day volume weighted average price prior to a trading halt on February 8.