Last checked at 5 Feb 2024 14:14
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).