On Friday August 9th at 9:00 PM EST Black Iron Announces Filing Of Material Contract
On Friday August 9th at 9:00 PM EST
Black Iron Announces Filing Of Material Contract
TORONTO, CANADA / ACCESSWIRE / August 9, 2019 / Black Iron Inc. (“Black Iron” or
the “Company”) (TSX:BKI) reports that it has filed the independent contractor agreement dated
January 1, 2014 between the Company and Forbes & Manhattan, Inc. (the “F&M Agreement”) on
SEDAR under the Company’s profile. Pursuant to the F&M Agreement, Forbes & Manhattan, Inc.
provides management, business and operational consulting services to the Company.
The dissemination of this news release and the filing of the F&M Agreement on SEDAR have
been completed in connection wit h a continuous disclosure review conducted by staff of the
Ontario Securities Commission.
About Black Iron
Black Iron is an iron ore exploration and development company, advancing its 100% owned
Shymanivske project located in Kryviy Rih, Ukraine. The Shymanivske project contains a NI 43-
101 compliant mineral resource estimated to be 646 Mt Measured and Indicated mineral resources,
consisting of 355 Mt Measured mineral resources grading 32.0% total iron and 19.5% magnetic
iron, and Indicated mineral resources of 290 Mt grading 31.1% total iron and 17.9% magnetic iron,
using a cut-off grade of 10% magnetic iron. Additionally, the Shymanivske project contains 188
Mt of Inferred mineral resources grading 30.1% total iron and 18.4% magnetic iron. Full mineral
resource details can be found in the NI 43 -101 compliant technical report entitled “Preliminary
Economic Assessment of the Re-scoped Shymanivske Iron Ore Deposit” effective November 21,
2017 under the Company’s profile on SEDAR at www.sedar.com. The Shymaniv ske project is
surrounded by five other operating mines, including ArcelorMittal's iron ore complex. Please visit
the Company's website at www.blackiron.com for more information.
The technical and scientific contents of this press release have been prepared under the supervision
of and have been reviewed and approved by Matt Simpson, P.Eng, CEO of Black Iron, who is a
Qualified Person as defined by NI 43-101.
For more information, please contact:
Matt Simpson
Chief Executive Officer
Black Iron Inc.
Tel: +1 (416) 309-2138
Forward-Looking Information
This press release contains forward -looking information. Forward-looking information is based
on what management believes to be reasonable assumptions, opinions and estimates of the date
such statements are made based on information available to them at that time. Forward -looking
information may include, but is not limited to, statements with respect to the Company’s ability to
develop the Shymanivske project. Generally, forward looking information can be identified by the
use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate",
On Friday August 9th at 9:00 PM EST
or "believes", or variations of such words and phrases or state that certain actions, events or
results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward -
looking information is subject to known and unknown risks, uncertainties and other factors that
may cause the actual results, level of activity, performance or achievements of the Company to be
materially different from those expressed or implied by such forward -looking information,
including but not limited to: general business, economic, competitive, geopolitical and social
uncertainties; the actual results of current exploration activities; other risks of the mining industry
and the risks described in the annual information form of the Company. Although the Company
has attempted to identify important factors that could cause actual results to differ materially from
those contained in forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that such information will
prove t o be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue reliance on forward
looking information. The Company does not undertake to update any forward-looking information,
except in accordance with applicable securities laws. The Company notes that mineral resources
that are not mineral reserves do not have demonstrated economic viability.
SOURCE: Black Iron