Bluejay Mining PLC Grant of Options (4435S)
July 08 2020 - 10:53AM
UK Regulatory
TIDMJAY
RNS Number : 4435S
Bluejay Mining PLC
08 July 2020
Bluejay Mining plc / EPIC: JAY / Market: AIM & FSE / Sector:
Mining
8 July 2020
Bluejay Mining plc ('Bluejay' or the 'Company')
Grant of Options
Bluejay Mining plc, the AIM and FSE listed company with projects
in Greenland and Finland, announces that the Board of Directors has
today agreed to issue options over a total of 7,250,000 ordinary
shares of 0.01 pence each in the capital of the Company ('Share
Options') to certain employees (none of whom are Directors of
PDRMs) of the Company. These Share Options will vest on 10 July
2020 and will expire on 30 July 2025.
The details of the Share Options to be granted are set out
below:
Exercise price (GBP) 0.10 0.15
Number of options granted 5,1 50 ,000 2,100,000
------------ ----------
The Share Options represent in aggregate 0.75% of the existing
issued ordinary share capital of the Company and have been issued
to employees and consultants of the Company in line with the
Company's ongoing incentive plans.
Following the grant of the Share Options, in aggregate there
will be 19,750,000 ordinary shares of 0.01 pence each of the
Company under option to directors and employees of the Company,
representing 2.04% of the existing issued ordinary share capital of
the Company.
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**
Roderick McIllree Bluejay Mining plc +44 (0) 20 7907 9326
Kevin Sheil Bluejay Mining plc +44 (0) 20 7907 9326
------------------------------ ---------------------
SP Angel Corporate Finance
LLP
Ewan Leggat (Nominated Adviser) +44 (0) 20 3470 0470
------------------------------ ---------------------
SP Angel Corporate Finance
LLP
Soltan Tagiev (Nominated Adviser) +44 (0) 20 3470 0470
------------------------------ ---------------------
Hannam & Partners (Advisory)
Andrew Chubb LLP +44 (0) 20 7907 8500
------------------------------ ---------------------
Charlotte Page 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 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 JORC Compliant Resource 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 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 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, gold and uranium deposits.
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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