5 February 2024
Bluejay
Mining plc / Ticker: JAY / Market: AIM / Sector:
Mining
Result of General
Meeting
Bluejay Mining plc ('Bluejay' or the 'Company'), the AIM, FSE listed and
OTCQB traded exploration and development company with projects in
Greenland and Finland, is pleased to announce that at the Company's
General Meeting held earlier today, the resolutions were duly
passed.
The votes were cast as
follows:
|
No
|
Ordinary Resolution
|
For
|
Against
|
Votes
Withheld
|
|
1
|
To authorise the Directors to allot
the relevant securities up to an aggregate nominal value of
£14,990.
|
108,688,487
|
16,750,727
|
2,862,582
|
|
2
|
To authorise the Directors to allot
the relevant securities up to an aggregate nominal value of
£23,918.
|
108,608,222
|
16,868,074
|
2,825,500
|
|
3
|
To authorise the directors to issue
equity securities wholly for cash on a non-pre-emptive basis up to
an aggregate nominal amount of £14,990 pursuant to the authority
conferred by Resolution 1.
|
107,299,989
|
17,989,008
|
3,012,799
|
|
4
|
To authorise the directors to issue
equity securities wholly for cash on a non-pre-emptive basis up to
an aggregate nominal amount of £23,918 pursuant to the authority
conferred by Resolution 2.
|
107,967,748
|
17,321,425
|
3,012,623
|
Admission and Total Voting Rights
Pursuant to the passing of the
resolutions, application has been made for the 149,854,285 Second
Placing Shares and 10,178,810 Settlement Shares (as defined in the
Circular dated 19 January 2024) to be admitted to trading on AIM
("Admission"). It is
expected that Admission will become effective on or around 8.00
a.m. on 6 February 2024.
Following Admission, the total
number of Ordinary Shares in the capital of the Company in issue
will be 1,506,063,889 with voting rights. This figure may be used
by shareholders as the denominator for the calculations by which
they will determine if they are required to notify their interest
in, or a change to their interest in, the Company's share capital
pursuant to the Financial Conduct Authority's Disclosure Guidance
and Transparency Rules.
For further information please
visit http://www.bluejaymining.com or
contact:
|
Eric Sondergaard
|
Bluejay Mining plc
|
enquiry@bluejaymining.com
|
|
Ewan Leggat / Adam Cowl
|
SP Angel Corporate Finance LLP
(Nominated Adviser and Broker)
|
+44 (0) 20 3470 0470
|
|
Tim Blythe / Megan Ray / Said
Izagaren
|
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). This project is Bluejay's
primary focus.
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.
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. In August 2023, Bluejay successfully divested its
Black Schist Projects in Finland to Metals One plc in a transaction
worth £4.125 million (Bluejay currently owns c. 29% of the issued
ordinary share capital of AIM listed Metals One plc).