Australian gold mining company Blackham Resources Ltd. intends to secure $25.8 million in a fully underwritten five-for-four rights issue priced at 1.5 cents.
The company intends to use the projected funds to infuse in its flagship 100 percent owned Matilda-Wiluna Gold Operation in Western Australia.
Previously, Blackham Resources raised a total of $3.5 million in a funding round.
Annually, the company generates approximately $118.3 million in revenue.