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Blackrock Gold cancels private placement

The firm also announced that Deepak Malhotra has stepped down as a director of the company

gold project
Blackrock Gold aims to acquire large-scale land packages that are in prolific gold belts in stable jurisdictions

Blackrock Gold Corp (CVE:BRC) announced Monday it has cancelled its previously-announced private placement. 

In a statement, the junior exploration company said its board has decided not to proceed at this time with the proposed financing and exploring options surrounding its Silver Cloud project, in Nevada. 

The company also noted Deepak Malhotra has stepped down as a director of the company. 

Blackrock Gold aims to acquire large-scale land packages that are in prolific gold belts in stable jurisdictions.

Shares of Blackrock Gold were at C$0.03 on Monday.

Contact Katie Lewis at [email protected]

Quick facts: Blackrock Gold Corp.

Price: 0.3 CAD

TSX-V:BRC
Market: TSX-V
Market Cap: $17.47 m
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Blackrock Gold prepares to drill at Silver Cloud in Nevada for first time in...

Blackrock Gold (CVE: BRC) CEO Andrew Pollard dropped into Proactive’s Vancouver studio to chat with Steve Darling about the company’s drill program which is about to start on the Silver Cloud Project in Nevada. That will be the first drilling on that site since 2005. Pollard also told...

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