Bluejay Mining PLC Exercise of Options & Issue of Equity (7352Y)
May 10 2019 - 12:18PM
UK Regulatory
TIDMJAY
RNS Number : 7352Y
Bluejay Mining PLC
10 May 2019
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector:
Mining
10 May 2019
Bluejay Mining plc ('Bluejay' or the 'Company')
Exercise of Options & Issue of Equity
Bluejay Mining plc, the AIM and FSE listed company with projects
in Greenland and Finland, announces that it has received
notification from option holders to exercise options over 2,200,000
new ordinary shares of 0.01 pence each in the share capital of the
Company (the 'New Ordinary Shares') at a price of 10 pence per
share. Accordingly, the Company has today issued the New Ordinary
Shares to the option holders for an aggregate cash value of
GBP220,000.
Application has been made for the New Ordinary Shares to be
admitted to trading on the AIM market of the London Stock Exchange
('Admission'). Admission is expected to occur on or around 17 May
2019.
Total voting rights
Following the issue of the New Ordinary Shares the total issued
share capital of the Company will consist of 854,969,397 ordinary
shares of 0.01p each ('Ordinary Shares') with voting rights. The
Company does not hold any Ordinary Shares in treasury. Therefore,
the total number of voting rights in the Company is 854,969,397 and
this figure may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
**ENDS**
For further information please visit http://www.titanium.gl or
contact:
Roderick McIllree Bluejay Mining plc +44 (0) 20 7907 9326
SP Angel Corporate Finance
Ewan Leggat LLP +44 (0) 20 3470 0470
---------------------------- ---------------------
SP Angel Corporate Finance
Soltan Tagiev LLP +44 (0) 20 3470 0470
---------------------------- ---------------------
Andrew Chubb H&P Advisory Ltd. +44 (0) 207 907 8500
---------------------------- ---------------------
Ingo Hofmaier H&P Advisory Ltd. +44 (0) 207 907 8500
---------------------------- ---------------------
Hugo de Salis St Brides Partners Ltd +44 (0) 20 7236 1177
---------------------------- ---------------------
Cosima Akerman St Brides Partners Ltd +44 (0) 20 7236 1177
---------------------------- ---------------------
Notes
Bluejay is dual listed on the London AIM market and Frankfurt
Stock Exchange and primarily focussed on advancing the Dundas
Ilmenite Project in Greenland into production in the near term.
Dundas has been proven to be the highest-grade mineral sand
ilmenite project globally, with a JORC Compliant Resource of 96
million tonnes at 6.9% ilmenite (in situ) and an Exploration Target
over the Iterlak Delta of between 20 million tonnes and 60 million
tonnes at between 6% and 10% ilmenite (in-situ).
The Company's strategy is focused on securing an offtake partner
and commencing commercial production at Dundas in the near term in
order to create a company capable of self-funding exploration on
current projects and future acquisitions.
Bluejay holds two additional projects in Greenland - the 2,586
sq km Disko-Nuussuaq ('Disko') Magmatic Massive Sulphide ('MMS')
nickel-copper-platinum project ('Ni-Cu-PGM'), which has shown its
potential to host mineralisation similar to the world's largest
nickel/copper sulphide mine Norilsk-Talnakh, and the 107sq km
Kangerluarsuk Sed-Ex lead-zinc-silver project ('Kangerluarsuk'),
where historical work has recovered grades of 41% zinc, 9.3% lead
and 596 g/t silver and identified four large-scale drill ready
targets.
The Company also has a 100% interest in a portfolio of copper,
zinc and nickel projects in Finland. This multi-commodity portfolio
has been restructured to be cost-sustainable whilst determining the
best plan for future development.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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