TIDMJAY TIDMUFO
RNS Number : 6597X
Bluejay Mining PLC
21 December 2023
The following amendment has been made to the 'Board changes'
announcement released on 20 December 2023 at 07:00 under RNS No
3806X.
The previous version of the announcement indicated that Mr Troy
Whittaker had been appointed as Non-Executive Director ('NED') with
Troy also appointed to the role as Chief Operating Officer. Mr
Whittaker has been appointed as an NED only, with effect from 20
December 2023, and is not assuming the role of Chief Operating
Officer. References to the role of Chief Operating Officer should
have stated that Mr Eric Sondergaard previously held that role at
the Company.
All other details remain unchanged.
The full amended text is shown below.
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector:
Mining
20 December 2023
Bluejay Mining plc
('Bluejay' or the 'Company')
Board changes
Bluejay Mining plc, the AIM, FSE-listed and OTCQB traded
exploration and development company hereby announces that Mr
Roderick McIllree, Mr Harry Ansell and Mr Troy Whittaker have been
appointed as Non-Executive Directors ('NED'), with Mr Eric
Sondergaard appointed as the Managing Director of the Company with
immediate effect. Concurrently, Mr Robert Edwards, Mr Bo Stensgaard
and Mr Peter Waugh have stepped down from the Board of Directors
also with immediate effect. Mr Stensgaard will remain as an
employee of the Company. Mike Hutchinson has been appointed
Non-Executive Chairman.
Roderick McIllree is a London based trained Economic Geologist
and Fellow of the Australian Institute of Mining and Metallurgy. He
served as both CEO and Executive Chairman of Bluejay from 2015 to
mid 2022. Mr McIllree has worked in Greenland for approximately 20
years and has extensive contacts throughout the resources and
financial sectors.
Troy Whittaker is an executive with more than 20 years of
experience, spanning successful international project evaluation,
development and the operation of multi-billion-dollar assets,
globally, across a broad range of commodities, including iron ore.
Mr Whittaker has held senior roles with major global mining
companies, Fortescue Metals Group Ltd and Anglo-American UK.
Eric Sondergaard is a registered Professional Geoscientist
(P.Geo) and a graduate of the University of Calgary in Canada with
over 15 years of operational experience in challenging and remote
locations. Mr Sondergaard has previously served as Executive
Director and COO at Bluejay, where he identified, negotiated and
managed Bluejay's joint venture with KoBold Metals in relation to
the Disko-Nuussuaq project.
Harry Ansell began his career in the City in 1986. Since that
time, he has worked for Albert E Sharp, Cazenove, Merrill Lynch and
WH Ireland. Throughout this time, he has developed a strong track
record for repositioning shareholder bases for quoted companies and
successfully leading equity capital raises.
Michael Hutchinson, Non-Executive Chairman of Bluejay Mining,
commented:
"The Board would like to thank Robert, Bo and Peter for their
hard work, professionalism and dedication to the Company during
extremely difficult market conditions. They leave on good terms and
we wish them the best in their future endeavours.
"In due course, the new Board will update shareholders regarding
the implementation of a new strategy that will focus solely around
developing the Disko magmatic massive sulphide project in
Greenland."
AIM Disclosures
The following details in relation to the appointment of Mr
Roderick Claude McIllree, aged 50, are disclosed in accordance with
Schedule 2(g) of the AIM Rules:
Current directorships Previous directorships in the
last 5 years
More Acquisitions plc Apollon Formularies Ltd
------------------------------
RM Corporate Limited Alien Metals Limited
------------------------------
White Flame Energy Ltd Finland Investments Limited
------------------------------
Greenland Gas & Oil A/S Bluejay Mining plc
------------------------------
Whitecliff Minerals Ltd Disko Exploration Limited
------------------------------
Apollon Formularies plc Dundas Titanium A/S
------------------------------
Kingsrose Mining Ltd
------------------------------
Greenland Exploration Limited
------------------------------
Nikkeli Greenland A/S
------------------------------
Millers Hill Pastoral Pty Ltd
------------------------------
Mr McIllree holds 68,999,268 ordinary shares in the capital of
Bluejay.
The following details in relation to the appointment of Mr Eric
Martin Sondergaard, aged 37, are disclosed in accordance with
Schedule 2(g) of the AIM Rules:
Current directorships Previous directorships in the
last 5 years
Coyote Limited Bluejay Mining plc
------------------------------
Chesterfield Canada Inc Disko Exploration Limited
------------------------------
Greenland Gas and Oil A/S Pinwheel Resources Ltd
------------------------------
Pinwheel Resources Ltd
------------------------------
Whitecliff Minerals Ltd
------------------------------
Mr Sondergaard holds the following options in the Company:
-- 4,000,000 options with an exercise price of 15 pence expiring 15 February 2025;
-- 4,000,000 options with an exercise price of 20 pence expiring 15 February 2025;
-- 4,000,000 options with an exercise price of 25 pence expiring 15 February 2025; and
-- 900,000 options with an exercise price of 10 pence expiring 30 July 2025.
The following details in relation to the appointment of Mr Troy
Edward Whittaker, aged 40, are disclosed in accordance with
Schedule 2(g) of the AIM Rules:
Current directorships Previous directorships in the
last 5 years
I ron Ore Company of Australia HighFlight Pty Ltd
Pty Ltd
------------------------------
Mallina Exploration Pty Ltd
------------------------------
TW & SK Superfund Pty Ltd
------------------------------
Mr Whittaker has no interest in the ordinary share capital of
the Company.
The following details in relation to the appointment of Mr Harry
Edward Ansell, aged 55, are disclosed in accordance with Schedule
2(g) of the AIM Rules:
Current directorships Previous directorships in the
last 5 years
Clarendon Park Shoot Club Limited Sky Wellesley Foundation
------------------------------
Mr Ansell has no interest in the ordinary share capital of the
Company.
Mr Ansell was a director of Tough Tracker Ltd, which entered
administration in June 2013, prior to dissolution in February 2016.
Mr Ansell was also a director of HJHR Ltd, which entered
administration in June 2013 and was dissolved in March 2014.
Save as disclosed above, there are no additional disclosures to
be made in accordance with Rule 17 or Schedule 2(g) of the AIM
Rules.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has
been incorporated into UK law by the European Union (Withdrawal)
Act 2018.
For further information please visit
http://www.bluejaymining.com or contact:
Roderick McIllree Bluejay Mining plc enquiry@bluejaymining.com
SP Angel Corporate Finance
Ewan Leggat / Adam LLP (Nominated Adviser
Cowl and Broker) +44 (0) 20 3470 0470
---------------------------- --------------------------
Tim Blythe / Megan
Ray BlytheRay (Media 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 offers
both portfolio and commodity diversification focused on base and
precious metals in Tier 1 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 required for the green energy transition and electric
vehicles (the Disko-Nuussuaq nickel-copper-cobalt-PGE Project).
Disko Exploration Ltd holds two additional projects in Greenland
- the 692 sq km Kangerluarsuk zinc-lead- silver project, where
historical work has recovered grades of up to 45.4% zinc, 9.3% lead
and 596 g/t silver; and the 920 sq km Thunderstone project which
has the potential to host large-scale base metal and gold deposits.
Bluejay also owns 100% of the fully permitted Dundas Ilmenite
Project under its subsidiary Dundas Titanium A/S in northwest
Greenland for which it will seek strategic alternatives.
In Finland, Bluejay currently holds three large scale
multi-metal projects through its wholly owned subsidiary FinnAust
Mining Finland Oy. The Company has identified multiple drill ready
targets at the Enonkoski nickel-copper-cobalt project in East
Finland. Bluejay's Hammaslahti copper-zinc-gold-silver project
hosts high-grade VMS mineralisation and extensions of historical
ore lodes have been proven. The drill ready Outokumpu
copper-nickel-cobalt-zinc-gold-silver project is located in a
prolific geological belt that hosts several high-grade former
mines. Bluejay also owns 29% of Metals One PLC (AIM: MET1) after
the divestment of its Black Shales Project.
**ENDS**
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