Perth, Australia (ABN Newswire) - Blackham Resources Limited (ASX:BLK) provides an update on the Company's fully underwritten, renounceable pro-rata entitlement offer ("Entitlement Offer") that closed on 12 February 2018.

Further to the Company's announcement dated 13 February 2018, the Company has finalised the allocation of New Shares and New Options (collectively, "Securities") to be issued pursuant to the Entitlement Offer. The following table sets out the number of Securities for which entitlement applications were received; the number of Additional Securities allocated to eligible shareholders in excess of their entitlement; and the number of Securities allocated to various sub-underwriters pursuant to the Underwriting Agreement with Hartleys Limited and in accordance with the Prospectus dated 22 January 2018.

 
No. of New Shares   No. of New Options   Gross Proceeds 

Securities available to be issued under the Entitlement Offer * 
897,670,586         448,835,293          $35,906,823 

Applications for entitlements under the Entitlement Offer 
658,747,196         329,373,508          $26,349,888 

Additional Securities to eligible shareholders 
63,493,909          31,746,935           $2,539,756 

Securities subscribed for by sub-underwriters 
175,429,481         87,714,740           $7,017,179 

Total Securities to be issued under the Entitlement Offer * 
897,670,586         448,835,183          $35,906,823  


* Variations between the "up to" amounts described in the Prospectus and the number of available Securities described in the table, as well as the further difference in the number of New Options to be issued, are due to the rounding of fractional entitlements

As set out in the Prospectus, the anticipated date for the issue of the Securities is 19 February 2018, with the despatch of holding statements and normal trading expected to commence on 20 February 2018.



About Blackham Resources Ltd:

Blackham Resources Limited (ASX:BLK) (OTCMKTS:BKHRF), is an emerging gold producer focused on its Matilda Gold Project in Western Australia where mining and production is imminent. The Matilda/Wiluna Gold Operation incorporates over 1,000 square kilometres of tenements containing total JORC 2012 resources of 63Mt @ 3.2 g/t for 6.4Moz of gold. These tenements cover around 55 kilometres of strike along the Wiluna Mine Sequence and 10 kilometres of strike along the Coles Find Sequence. The Wiluna Mine and Coles Find Sequence has historically produced 4 million ounces of gold.

All the deposits are within 26 kilometres by existing haul roads of Blackhams recently acquired Gold Plant. With exploration prospects at Mt Poole, Monarch, Carroll Prior, Red Lady, Zenith, Island and Albion in the Lakeway area provides the company with excellent exploration areas for potential future projects.



Source:

Blackham Resources Ltd



Contact:

Milan Jerkovic 
Executive Chairman
+61 8 9322 6418

Bryan Dixon 
Managing Director
+61 8 9322 6418

Jim Malone
Investor Relations Manager
+61 419 537 714