Black Iron Inc.
The company was incorporated on June 29, 2010, under the Business Corporations Act (Ontario) for the purpose of acquiring, exploring and developing mineral properties. On Oct. 25, 2010, the company acquired all of the issued and outstanding shares of the Cyprus Subsidiary, which owns 100 percent of the registered capital of Shymanivske Steel LLC and Zelenivske Steel LLC.
Through Shymanivske Steel, the company’s activities are focused on the exploration and development of the Shymankviske iron ore project located in Kryviy Rih, Dnipropetrovsk Region. In addition, the company holds the exploration permit for the Zelenivske project in the close vicinity through Zelenivske Steel.