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Black Rock Mining Ltd triggers final milestone payment on Mahenge North

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Black Rock Mining Ltd (ASX:BKT) confirms that the final milestone payment on Mahenge North PL7802/2012 was recently triggered.

The final payment of A$250,000 was triggered following the company’s share price exceeding a daily VWAP of $0.10 for 10 consecutive days.

The payment is to be made to the vendor of Mahenge North who has elected to receive cash of $225,000 and 250,000 BKT shares.

Following settlement of this last milestone consideration, the company confirms that there are no further consideration commitments on Mahenge North PL7802/.2012.

The recent share price accretion has also resulted in the company’s Performance Rights converting to ordinary shares.

Black Rock's shares last traded at $0.19, around three times higher than their valuation just one month ago.

 

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Quick facts: Black Rock Mining Ltd

Price: 0.048 AUD

ASX:BKT
Market: ASX
Market Cap: $30.19 m
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