RE: What’s gone wrong20 Nov 2025 18:10
What's gone wrong ? I have remained quiet on posting on here but in my opinion this chap Seth was brought on board to "pump" the company up and was paid a fee in doing so . Below is an extract from when this all kicked off in June. The pumping started from this fund raise, and they then it was sold down in volumes. The warrant conversion price to 0.23 was never previously published too. It was published @ 1.5 so wtf did that come from ??. If the price does recover for some miracle, you will then have the warrant holder selling down again @ 0.23. DYOR, but I feel conned like most on here as another AIM scam.
Bluebird Mining Ventures Ltd., a pan Asian gold project development company, is pleased to announce that it has entered into direct subscription agreements ("Direct Subscription") totalling £257,500 via a non-brokered funding round at £0.005p per share. The Direct Subscription was taken up by select professional investors and crypto investors. The Company will issue the equity upon receipt of the subscription funds, due to be received on or around 16 June 2025. Furthermore, Aidan Bishop has agreed to subscribe for £15,000 at the same price ("Director Subscription").
In addition to the Direct Subscription and the Director Subscription, Catalyse Capital Ltd ("Catalyse"), has issued a Conversion Notice for the remaining balance of an outstanding loan and associated interest totalling £60,000 ("Loan Conversion") under the terms of the loan agreement at £0.0023 per share. Furthermore, Catalyse has elected to convert £50,000 ("Loan Conversion") due from its loan facility at £0.005p per share, that was announced on 30 September 2024. In addition, £30,000 of equity will be issued to a service provider at a price of £0.005p per share ("Fee Shares").
The Direct Subscription, Director Subscription, Loan Conversions and Fee Shares, upon issue, will utilise the full existing permissible headroom available to the Company to allot new shares without publication of a prospectus.
Furthermore, the Company has received notice from Catalyse Capital Ltd and Tracarta Ltd ("Warrant Holders") that under the terms of the Warrant Instrument, relating to the funding announced on 30 September 2024, that the warrants will now reset to an exercise price of £0.0023 per share with the maturity on 30 September 2027 being unchanged. The warrant reset will result in the Warrant Holders now holding 93,755,435 warrants ("Restricted Warrants") each after the distribution described below.