The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Investing

Funds Received from Partial Sale of Codrus Shares

by admin April 17, 2024
April 17, 2024
Funds Received from Partial Sale of Codrus Shares

Blackstone Minerals Limited (ASX: BSX) (“Blackstone” or the “Company”) is pleased to announce that it has received A$0.9 million from the sale of 25 million Codrus Minerals Limited (ASX: CDR) (“Codrus”) shares through broker facilitated off market transfers.

The Company ended the March 2024 quarter with ~$4m of cash and cash equivalents and following the partial sell down of its investment in Codrus, has an estimated cash position of ~$4.9m.

Blackstone retains 10 million shares in Codrus and will maintain exposure to the portfolio of gold, uranium and rare earths projects.

Blackstone’s Managing Director Scott Williamson commented“the additional cash injection, further strengthens our cash position, coupled with the cost reduction initiatives announced earlier this year, gives the company are longer runway to advancing the joint venture partner search whilst finalising the studies and permitting activities at the Ta Khoa Project in Vietnam”.


Click here for the full ASX Release

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Bitcoin Well Launches Cash Vouchers For Canadian Customers
next post
New High-Grade Discovery – “Pepper” Prospect: 17.52m @ 15.86g/t Gold Incl. 9.22m @ 27.89g/t

Related Posts

Atlantic Appeals for Fiscal Re-evaluation for Ewoyaa Lithium...

May 1, 2025

Top 10 Uranium-producing Countries (Updated 2024)

November 6, 2024

C29 Signs Binding HOA to Drive Growth

May 5, 2025

Presentation to Food and Ingredients China 2025 Conference

March 19, 2025

Resource Drilling Commenced at Butcherbird Project – Updated

May 18, 2024

Galena Mining

January 19, 2024

Copper Refining: From Ore to Market (Updated 2024)

October 16, 2024

What are Intrusion-related Gold Systems? (Updated 2025)

January 7, 2025

Denison Mines Moves Closer to Federal Approval for...

March 1, 2025

Top 5 Canadian Mining Stocks This Week: Cerrado...

October 19, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (1,399)
    • Investing (3,371)
    • Politics (4,552)
    • World (4,488)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 TheInvestmentWhisperer.com | All Rights Reserved