Investment by Ukrainian steel, mining giant boosts Black Iron's flagging stock - Brandon Sun:
"Black Iron Inc. (TSX:BKI) was one of Canada's most active stocks Tuesday after it announced Ukraine's largest mining and steel company is making a significant investment in the company's development subsidiary BKI Cyprus.
More than three million Black Iron's shares traded by midmorning, following an announcement that Metinvest BV had committed to invest between US$20 million and US$536 million to fund development in Ukraine.
The stock closed up 5.5 cents at 21.5 cents. However, that's still below Black Iron's 52-week high of 49 cents, set in January. It has since traded as low as 12 cents on July 9."
'via Blog this'
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