Bluejay Mining PLC Issue of Equity (6511B)
January 11 2018 - 9:50AM
UK Regulatory
TIDMJAY
RNS Number : 6511B
Bluejay Mining PLC
11 January 2018
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector:
Mining
11 January 2018
Bluejay Mining plc ('Bluejay' or the 'Company')
Issue of Equity
Bluejay Mining plc, the AIM and FSE listed company with projects
in Greenland and Finland, announces that as per the Joint Broker
agreement with Hannam & Partners (Advisory) LLP ('Hannam &
Partners'), announced on 18 October 2017, the Company agreed that
certain fees would be payable in new ordinary shares of 0.01 pence
each of the Company ("Ordinary Shares").
Accordingly, a fee of GBP22,500 is payable in new Ordinary
Shares to Hannam & Partners based on the prior 6-month period
volume weighted average share price. As such, it is proposed to
issue 143,495 new Ordinary Shares at a price of GBP0.1568 ('Fee
Shares').
Issue of Equity
The Fee Shares were issued by the Company on 11 January 2018 and
rank pari passu with the existing Ordinary Shares. Application has
been made for the Fee Shares to be admitted to trading on AIM
('Admission'). It is expected that Admission will become effective
and dealings in the new Ordinary Shares will commence on or around
17 January 2018.
Total voting rights
Following the issue of the Fee Shares, the total issued share
capital of the Company consists of 771,501,361 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 771,501,361 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:
+44 (0) 20 7907
Roderick McIllree Bluejay Mining plc 9326
------------------- -------------------- ----------------
SP Angel Corporate +44 (0) 20 3470
Ewan Leggat Finance LLP 0470
------------------- -------------------- ----------------
SP Angel Corporate +44 (0) 20 3470
Soltan Tagiev Finance LLP 0470
------------------- -------------------- ----------------
Hannam & Partners +44 (0) 207 907
Andrew Chubb Advisory Ltd. 8538
------------------- -------------------- ----------------
Hannam & Partners +44 (0) 207 907
Ingo Hofmaier Advisory Ltd. 8532
------------------- -------------------- ----------------
Charlotte St Brides Partners +44 (0) 20 7236
Page Ltd 1177
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St Brides Partners +44 (0) 20 7236
Megan Dennison Ltd 1177
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Notes
Bluejay has a number of highly prospective licences at various
stages of development, primarily in Greenland, an area that has
only recently revealed its mineral potential following changes in
the climate. The Company is dual listed on the London AIM market
and Frankfurt Stock Exchange.
Bluejay is currently focussed on advancing its flagship Dundas
Ilmenite Project in Greenland, which been proven to be the
highest-grade mineral sand ilmenite project globally. The project
has an initial Inferred JORC resource of 23.6Mt at 8.8% ilmenite
(in situ), including a high-grade zone equal to 7.9Mt at 14.2%
ilmenite, and crucially significant further upside potential
remains.
The Company also holds, through its 100% owned subsidiary Disko
Exploration Limited, the Disko Nickel, Copper, Cobalt &
Platinum Project in West Greenland. The project is of significant
exploration interest to Bluejay due to the its geological
similarities to Norilsk-Talnakh, the world's largest nickel/copper
sulphide mine in northern Russia ('Norilsk'). Both Disko and
Norilsk contain nickel-copper-cobalt-platinum ('Ni-Cu-Co-PGE') rich
Magmatic Massive Sulphides ('MMS').
Bluejay also holds a 100% interest in a portfolio of copper,
zinc and nickel projects in Finland. This multi-commodity portfolio
remains a strategic asset of importance and has been restructured
to be cost-sustainable whilst determining the best plan for future
development.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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