Black Hawk funding (March 07, 1994)

A private placement of special warrants valued at $4.6 million has been completed by Black Hawk Mining (TSE).

The warrants were sold for $1 each and entitle the holder to receive one Black Hawk unit for no additional consideration.

Each unit consists of one Black Hawk common share and half a purchase warrant. One full warrant and $1.25 can be redeemed for a Black Hawk share until Feb. 28, 1996.