Black Iron Inc.

- US$15 MILLION OF THE INITIAL US$20 MILLION FINANCIAL CONTRIBUTION HAS NOW BEEN RECEIVED BY BLACK IRON - FINAL INSTALLMENT OF US$5 MILLION EXPECTED TO BE RECEIVED BY BLACK IRON ON JULY 15, 2014 TORONTO, ONTARIO--(Marketwired - Jun 16, 2014) - Black Iron Inc. ("Black Iron" or the "Company") (TSX:BKI)(FRANKFURT:BIN) has received the third installment payment of US$5 million from Metinvest B.V. ("Metinvest") as part of [...]

- Second US$5 Million Installment has Been Received by Black Iron from Metinvest - US$10 Million of the Initial US$20 Million Financial Contribution has Now Been Received by Black Iron - Remaining Two Installments of US$5 Million to Be Received by Black Iron on June 16 and July 15, 2014 TORONTO, ONTARIO--(Marketwired - May 15, 2014) - Black Iron Inc. ("Black Iron" or the "Company") (TSX:BKI)(FRANKFURT:BIN) has received [...]

Black Iron In reports, in accordance with the policies of the Toronto Stock Exchange, that the nominees listed in the management proxy circular dated April 3, 2014 for the 2014 Annual and Special Meeting of shareholders were elected as directors of the Company. Detailed results of the vote for the election of directors held at the Meeting on May 13, 2014 in Toronto, Ontario are set out below. ...

TORONTO, ONTARIO--(Marketwired - Apr 15, 2014) - CLOSING OF THE STRATEGIC INVESTMENT AND DEVELOPMENT ARRANGEMENT WILL OCCUR IN FOUR EQUAL MONTHLY INSTALLMENTS OF US$5M EACH BETWEEN APRIL 15 AND JULY 15, 2014 THE FIRST US$5 MILLION INSTALLMENT HAS BEEN RECEIVED BY BLACK IRON FROM METINVEST Black Iron Inc. ("Black Iron" or the "Company") (TSX:BKI) (FRANKFURT:BIN) and Metinvest B.V. ("Metinvest") have agreed to a [...]

Black Iron Inc. ("Black Iron" or the "Company") (TSX:BKI)(FRANKFURT:BIN) has closed its previously announced bought deal private placement (the "Private Placement") (see press release dated January 31, 2014) with Dundee Securities Ltd., as sole underwriter, and is pleased to announce its participation at the Prospectors and Developers Association of Canada ("PDAC") annual conference taking place from March 2-5, 2014 at [...]

TORONTO, ONTARIO--(Marketwired - Feb 11, 2014) - Black Iron Inc. (TSX:BKI)(FRANKFURT:BIN) - WATER, ROAD, EMERGENCY SERVICES AND TELECOM PROTOCOL OF INTENT AGREEMENTS HAVE ALL BEEN EXECUTED THE PROTOCOL OF INTENT AGREEMENTS TAKE EFFECT IMMEDIATELY AND REMAIN IN EFFECT UNTIL FULL COMMERCIAL CONTRACTS ARE EXECUTED METINVEST'S INITIAL US$20M INVESTMENT ON TRACK TO CLOSE WITHIN THE NEXT 30 DAYS [...]

Black Iron has amended its agreement with Dundee Securities Ltd. as previously announced in order to comply with the Toronto Stock Exchange's anti-dilution policy in spite of indications that substitute purchasers had been identified for the full amount of the original deal. The Underwriter has agreed to purchase, on a "bought deal" private placement basis, 17,680,000 units of the Company at a price of $0.17 per Unit for [...]

Black Iron has entered into an agreement with Dundee Securities whereby the Underwriter has agreed to purchase, on a "bought deal" private placement basis, 29,500,000 units of the Company at a price of $0.17 per Unit for total gross proceeds of $5,015,000. Each Unit shall consist of one common share of the Company and one common share purchase warrant. Each Warrant shall entitle the holder thereof to acquire one common [...]

-- POSITIVE FEASIBILITY STUDY REPORT FILED ON SEDAR -- NO MATERIAL DIFFERENCES BETWEEN THE RESULTS ANNOUNCED IN PRESS RELEASE DATED JANUARY 23, 2014 -- UPDATED FEASIBILITY STUDY CONTAINS A COMPREHENSIVE MINE TO PORT COST BREAKDOWN OF THE SHYMANIVSKE IRON ORE PROJECT RESULTING IN 48% IRR, 2 YEAR PAYBACK AND US $3.3 BILLION NPV AT 8% DISCOUNT -- CURRENT FEASIBILITY STUDY OUTLINES A PLAN TO ACHIEVE 8% HIGHER ANNUAL [...]

Feasibility study outlines an operation producing 9.9 million tonnes per year of high-grade 68% iron ore concentrate, projecting a 48% IRR, 2 year payback and a US$3.3 billion NPV at an 8% discount rate Changing to wet cobbing at a finer particle size results in an increase from 10% to 40% rejection of waste rock prior to grinding and elimination of the second grinding stage resulting in a 14% reduction in total [...]