Last checked at 30 Jun 2023 16:45
30 June 2023
Results of Annual 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 Annual General Meeting held earlier today all resolutions were duly passed.
No | Ordinary Resolution | For | Against | Votes Withheld |
1 | To re-appoint Bo Stensgaard as a Director of the Company. | 321,771,482 | 75,248,048 | 197,288 |
2 | To re-appoint Robert Edwards as a Director of the Company. | 391,998,890 | 5,009,290 | 208,638 |
3 | To re-appoint PKF Littlejohn LLP as auditors of the Company to act as such until the conclusion of the next Annual General Meeting of the Company at which the accounts are laid before the members and to authorise the Directors of the Company to fix their remuneration. | 324,080,512 | 72,857,769 | 278,537 |
4 | To authorise the Directors to issue ordinary shares and grant rights to subscribe for shares up an aggregate nominal value of £21,186, being approximately 20 per cent. of the share capital of the Company. The authority will expire at the commencement of the next Annual General Meeting following this meeting or 30 June 2024, whichever is the earlier to occur. | 321,409,066 | 75,383,014 | 424,738 |
Special Resolution | ||||
5 | To authorise the Directors to issue up to an aggregate nominal value of £21,186 of equity securities (representing approximately 20% of the current issued share capital of the Company) for cash and on a non-pre-emptive basis pursuant to the authority conferred by resolution number 4 above. This will allow the Board to allot shares for cash without recourse to the Shareholders so that it can move quickly from time to time as it deems appropriate. This authority will expire at the commencement of the next Annual General Meeting following this meeting or 30 June 2024, whichever is the earlier to occur. | 320,250,605 | 75,933,475 | 1,032,738 |
For further information please visit http://www.bluejaymining.com or contact:
Kevin Sheil | 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 has now secured four globally respected entities as partners on three of its projects, and exploration expenditure of up to $37 million contractually committed on three key projects, giving the Company and its shareholders both portfolio and commodity diversification in high quality jurisdictions.
Bluejay's Dundas Ilmenite Project in northwest Greenland is fully permitted and undergoing further optimisation studies. The Company has agreed a Master Distribution Agreement with a major Asian conglomerate for up-to 340k tonnes per annum ('tpa') of its designed 440ktpa annual output. The Company has also mandated a major European bank to head the financing syndicate for Dundas.
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 where multiple large-scale drill targets have been identified; and the 920 sq km Thunderstone project which has the potential to host large-scale base metal and gold deposits.
In Finland, Bluejay currently holds three large scale multi-metal projects through its wholly owned subsidiary FinnAust Mining Finland Oy. The Company has a Joint Venture Agreement with a mining major at its Enonkoski nickel-copper-cobalt Project in East Finland which has seen continued exploration and drilling since June 2021. Bluejay's drill ready 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 has also signed a conditional agreement for a partial divestment in a fourth Finnish project.