Blackstone raises cash for global exploration

ASX-listed junior Blackstone Minerals will raise A$2-million in a two-tranche placement to fund exploration at its metals projects in Vietnam, Canada and Western Australia. The first tranche of the share placement will consist of ten-million shares, priced at 5c each, to raise an initial A$500 000 by May 17. The placement will be made under Blackstone’s existing placement capacity.