TIDMJAY
RNS Number : 1593P
Bluejay Mining PLC
15 February 2021
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector:
Mining
15 February 2021
Bluejay Mining plc
('Bluejay' or the 'Company')
Grant of Options
Bluejay Mining plc, the AIM and FSE listed, and OCTQB traded,
exploration and development company with projects in Greenland and
Finland , announces that the Board of Directors has today agreed to
issue options over a total of 33,000,000 ordinary shares of 0.01
pence each in the capital of the Company ('Share Options'). These
options will vest immediately and will expire four years following
the date of issue.
The details of the Share Options to be granted are set out
below:
Exercise price (GBP) 0.15 0.20 0.25
Number of options
granted 11,000,000 11,000,000 11,000,000
----------- ----------- -----------
The Share Options represent in aggregate 3.40% of the existing
issued ordinary share capital of the Company and have been issued
to key staff including Persons Discharging Managerial
Responsibilities ("PDMRs") of the Company in line with the
Company's ongoing incentive plans.
The breakdown of the options to be granted to PDMRs is set out
below:
N ame P osition Number of options Number of options Number of
granted with granted with options granted
an exercise an exercise with an exercise
price of GBP0.15 price of GBP0.20 price of
GBP0.25
Chief Executive
Bo Stensgaard Officer 4,000,000 4,000,000 4,000,000
----------------- ------------------ ------------------ ------------------
Chief Operating
Eric Sondergaard Officer 4,000,000 4,000,000 4,000,000
----------------- ------------------ ------------------ ------------------
For further information please visit
http://www.bluejaymining.com or contact:
+44 (0) 20 7907
Roderick McIllree Bluejay Mining plc 9326
+44 (0) 20 7907
Kevin Sheil Bluejay Mining plc 9326
------------------------------ ----------------
SP Angel Corporate Finance
LLP +44 (0) 20 3470
Ewan Leggat (Nominated Adviser) 0470
------------------------------ ----------------
SP Angel Corporate Finance
LLP +44 (0) 20 3470
Adam Cowl (Nominated Adviser) 0470
------------------------------ ----------------
Hannam & Partners (Advisory) +44 (0) 20 7907
Andrew Chubb LLP 8500
------------------------------ ----------------
+44 (0) 20 7138
Tim Blythe Blytheweigh 3205
------------------------------ ----------------
+44 (0) 20 7138
Megan Ray Blytheweigh 3205
------------------------------ ----------------
Notes
Bluejay is listed on the London AIM market and Frankfurt Stock
Exchange and its shares also trade on the OTCQB Market in the US.
With projects in Greenland and Finland, its most advanced project
is the Dundas Ilmenite Project in Greenland, which is being
developed towards production in the near term. The Dundas Ilmenite
Project has been proven to be the highest-grade mineral sand
ilmenite project globally, with a Mineral Resource reported in
accordance with the JORC Code of 117 million tonnes at 6.1%
ilmenite and a maiden offshore Exploration Target of between 300Mt
and 530Mt of ilmenite at an average expected grade range of 0.4 -
4.8% ilmenite in-situ.
The Company's strategy is focused on securing financing ahead of
commencing commercial production at Dundas in order to create a
company capable of self-funding exploration on its current projects
and future acquisitions.
Bluejay holds three additional projects in Greenland - the
2,897sq km Disko-Nuussuaq ('Disko') Magmatic Massive Sulphide
nickel-copper-cobalt-platinum group element-gold project
('Ni-Cu-Co-PGE-Au'), which has shown its potential to host
mineralisation similar to the world's largest nickel-copper mining
district at Noril'sk-Talnakh, northern Russia; the 692sq km
Kangerluarsuk zinc-lead- 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; and
the 2,025 sq km Thunderstone project which has the potential to
host large-scale base metal and gold deposits. Bluejay also has a
prospective joint-venture agreement with a mining major at
Enonkoski in Finland.
**S**
Details of the person discharging managerial responsibilities/person
1. closely associated
a) Name: Bo Stensgaard
----------------------------------------- ----------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position/status: Chief Executive Officer
----------------------------------------- ----------------------------
b) Initial notification/Amendment: Initial notification
----------------------------------------- ----------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name: Bluejay Mining plc
----------------------------------------- ----------------------------
b) LEI: 213800E9AEFEHFLOVJ19
----------------------------------------- ----------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-----------------------------------------------------------------------
a) Description of the financial instrument, Share options over ordinary
type of instrument: shares of GBP0.01 each
Identification code: GB00BFD3VF20
----------------------------------------- ----------------------------
b) Nature of the transaction: Grant of options over
ordinary shares
----------------------------------------- ----------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
GBP0.15 4,000,000
GBP0.20 4,000,000
GBP0.25 4,000,000
-----------
----------------------------------------- ----------------------------
d) Aggregated information: Price(s) Volume(s)
Aggregated volume: GBP0.15 4,000,000
Price: GBP0.20 4,000,000
GBP0.25 4,000,000
-----------
----------------------------------------- ----------------------------
e) Date of the transaction: 15/2/2021
----------------------------------------- ----------------------------
f) Place of the transaction: Outside a trading venue
----------------------------------------- ----------------------------
Details of the person discharging managerial responsibilities/person
1. closely associated
a) Name: Eric Sondergaard
----------------------------------------- ----------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position/status: Chief Operating Officer
----------------------------------------- ----------------------------
b) Initial notification/Amendment: Initial notification
----------------------------------------- ----------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name: Bluejay Mining plc
----------------------------------------- ----------------------------
b) LEI: 213800E9AEFEHFLOVJ19
----------------------------------------- ----------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-----------------------------------------------------------------------
a) Description of the financial instrument, Share options over ordinary
type of instrument: shares of GBP0.01 each
Identification code: GB00BFD3VF20
----------------------------------------- ----------------------------
b) Nature of the transaction: Grant of options over
ordinary shares
----------------------------------------- ----------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
GBP0.15 4,000,000
GBP0.20 4,000,000
GBP0.25 4,000,000
-----------
----------------------------------------- ----------------------------
d) Aggregated information: Price(s) Volume(s)
Aggregated volume: GBP0.15 4,000,000
Price: GBP0.20 4,000,000
GBP0.25 4,000,000
-----------
----------------------------------------- ----------------------------
e) Date of the transaction: 15/2/2021
----------------------------------------- ----------------------------
f) Place of the transaction: Outside a trading venue
----------------------------------------- ----------------------------
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