Economic Rules Hub
  • World
  • Politics
  • Business
  • Investing
Home Investing Funds Received from Partial Sale of Codrus Shares
Investing

Funds Received from Partial Sale of Codrus Shares

by admin April 16, 2024
April 16, 2024

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
FacebookTwitterPinterestEmail
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

Homerun Resources Inc. Appoints Strand Hanson Limited as UK Financial...

July 31, 2025

Psychedelics Market Update: H1 2025 in Review

July 31, 2025

Crypto Market Update: Markets Pull Back After Fed Opts to...

July 31, 2025

Gold Retreats, Equities Down as Fed Leaves Rates Unchanged​

July 31, 2025

Steve Barton: Gold, Silver, Uranium — Price Targets and Key...

July 30, 2025

Maritime Announces Repayment of Senior Secured Notes Due August 14,...

July 30, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


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

    Recent

    • Top GOP senator demands probe into whether Jack Smith ‘unlawfully’ tried to influence 2024 election

      July 31, 2025
    • SCOTUS to discuss Ghislaine Maxwell’s case privately in September at post-summer conference

      July 31, 2025
    • Democratic lawmaker ‘no longer on speaking terms’ with some family over Israel support

      July 31, 2025
    • Bernie Sanders to force Senate vote on blocking arms sales to Israel

      July 31, 2025
    • New tech-focused MAHA initiatives will usher in ‘new era of convenience,’ improve health outcomes, Trump says

      July 31, 2025

    Categories

    • Business (1,470)
    • Investing (3,786)
    • Politics (5,038)
    • World (4,720)
    • Email Whitelisting
    • Terms and Conditions
    • Privacy Policy
    • Contacts
    • About us

    Disclaimer: EconomicRulesHub.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 EconomicRulesHub.com | All Rights Reserved

    Economic Rules Hub
    • World
    • Politics
    • Business
    • Investing