Bluejay Mining PLC Result of Annual General Meeting (0256Q)
June 23 2022 - 11:39AM
UK Regulatory
TIDMJAY
RNS Number : 0256Q
Bluejay Mining PLC
23 June 2022
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector:
Mining
23 June 2022
Bluejay Mining plc ('Bluejay' or the 'Company')
Result of Annual General Meeting
Bluejay Mining plc, the AIM, FSE-listed and OTCQB traded
exploration and development company, is pleased to announce that at
the Company's Annual General Meeting held earlier today Resolution
1 and 3-6 were duly passed. Resolution 2 was withheld as a result
of the announcement published this morning.
No. Ordinary Resolutions For Against Votes Withheld
To receive the audited
statement of accounts
of the Company for the
period ended 31 December
1 2021. 380,278,617 1,903,718 38,526,717
------------------------------- ------------ ---------- ---------------
2 To re-appoint Roderick - - -
McIllree as a Director.
------------------------------- ------------ ---------- ---------------
To re-appoint Eric Sondergaard
3 as a Director. 379,638,055 3,506,247 37,564,750
------------------------------- ------------ ---------- ---------------
To re-appoint PKF Littlejohn
LLP as auditors and
to authorise the Directors
4 to fix their remuneration. 382,050,170 644,559 38,014,323
------------------------------- ------------ ---------- ---------------
To authorise the Directors
5 to allot shares. 377,514,814 5,358,555 37,835,683
------------------------------- ------------ ---------- ---------------
To disapply statutory
6 pre-emption right. 377,180,618 3,136,231 40,392,203
------------------------------- ------------ ---------- ---------------
For further information on the Company and the project please
visit the website at: www.bluejaymining.com
Contacts:
Kevin Sheil Bluejay Mining plc enquiry@bluejaymining.com
SP Angel Corporate Finance
Ewan Leggat LLP
/ (Bluejay Mining Nominated
Adam Cowl Adviser) +44 (0) 20 3470 0470
--------------------------------- --------------------------
Andrew Chubb Hannam & Partners +44 (0) 20 7907 8500
--------------------------------- --------------------------
Tim Blythe
/ BlytheRay
Megan Ray (Bluejay Mining Press Contact) +44 (0) 20 7138 3205
--------------------------------- --------------------------
About Bluejay Mining Plc
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 multiple projects in Greenland and Finland, Bluejay has now
secured four globally respected entities as partners, customer, and
co-investor on three of its projects, giving the Company and its
shareholders both portfolio and commodity diversification in high
quality jurisdictions.
Bluejay, through its wholly owned subsidiary Disko Exploration
Ltd., has signed a definitive joint venture agreement with KoBold
Metals to guide exploration for new deposits rich in the critical
materials for electric vehicles (The Disko-Nuussu a q Project).
Principal investors in KoBold include Breakthrough Energy Ventures,
a climate & technology fund, overseen by Bill Gates, and whose
investors include Michael Bloomberg, Jeff Bezos, and Ray Dalio.
Other investors in KoBold include Andreessen Horowitz, the premier
Silicon Valley venture capital fund and Equinor, the Norwegian
state-owned multinational energy company.
Bluejay's most advanced project is the Dundas Ilmenite Project
in Greenland, which is fully permitted and being developed towards
production in the near term, with preparatory activities scheduled
to commence in 2022. Dundas has a Mineral Resource reported in
accordance with the JORC Code of 117Mt 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 has agreed a Master Distribution Agreement
with a major Asian conglomerate for up-to 340ktpa of its
anticipated 440ktpa annual output. The Company has signed on a
major European bank to head the financing syndicate for Dundas. 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 and
future projects.
Disko Exploration Ltd holds two additional projects in Greenland
- 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 has agreed a joint-venture agreement with a
mining major at its Enonkoski Project in Finland and has recently
signed a binding agreement for a partial divestment in a fourth
Finnish project.
**ENDS**
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