RNS24 Oct 2018 23:21
Fees £25k to hannam paid by way of shares @ 16.56p....
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector: Mining
24 October 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 £22,500 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 135,858 new Ordinary Shares at a price of £0.1656 ('Fee Shares').
Issue of Equity
The Fee Shares were issued by the Company on 23 October 2018 and rank pari passu with the existing Ordinary Shares. Application has been made for the Fee Shares to be admitted to trading on the AIM market of the London Stock Exchange ('Admission'). It is expected that Admission will become effective and dealings in the new Ordinary Shares will commence on or around 30 October 2018.