TransactionsBlack Iron Inc. Closes Initial Public Offering and Commences Trading on the Toronto Stock ExchangePublished: 03/29/2011 By Eva Bellissimo, Angela Chu, Lindsay Clements, Jennifer Hansen, John P. Vettese Black Iron Inc. announced on March 29th, 2011 that it has closed its initial public offering of 25,000,000 common shares of the Company at a price of C$1.40 per Common Share for aggregate gross proceeds of C$35,000,000. The Company has granted to the underwriters an over-allotment option to purchase up to an additional 3,750,000 Common Shares, exercisable for a period of 30 days from the date hereof. If such option is exercised in full, aggregate gross proceeds of the Offering will be C$40,250,000. Cassels Brock acted for the issuer with a team comprised of John Vettese (Securities and Mining), Lindsay Clements (Securities and Mining), Eva Bellissimo (Securities and Mining), Angela Chu (Securities) and Jennifer Hansen (Securities). |