Blackham to raise $26m to help pay off debts – Business News
Blackham Resources has announced a fully underwritten renounceable entitlements issue to raise $25.8 million, of which $10 million will be used to pay debts owing to contractor MACA and The Lind Partners. Under the offer, Blackham will issue five shares for every four shares held, at a price of 1.5 cents, which is a 44.4…