THE
INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE
COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE
MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS
PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL)
ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA
A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO
BE IN THE PUBLIC DOMAIN.
Bluejay Mining
plc
("Bluejay", the "Company" or the "Group")
Result of
Placing
PDMR
Dealing
Appointment of Joint
Broker
The Company
confirms, further to
its announcement of 4.36 p.m. BST on 22 August 2024 (the
"Announcement"), that it
has successfully closed the Placing.
Result of Placing
Subject to the satisfaction of the
conditions referred to below, the Placing has raised, in aggregate,
gross proceeds of £1.75 million through the placing of 583,333,327
Ordinary Shares (the "Placing
Shares") with various UK & European institutional,
Directors and management as well as existing and new sophisticated
investors at a price of 0.3 pence per share (the "Placing Price").
The allotment and issue of the
Placing Shares is conditional, inter alia, upon:
· Admission
becoming effective by no later than 8.00 a.m. on
6 September 2024 (or such
other time and/or date, being no later than 8.00 a.m. on 30
September 2024, as Zeus and the Company may agree);
·
the conditions in the Placing Agreement in respect
of the Placing Shares being satisfied or (if applicable) waived;
and
· the
Placing Agreement not having been terminated in accordance with its
terms prior to Admission.
Accordingly, if any of such
conditions are not satisfied or, if applicable, waived, the Placing
will not proceed.
Use of Proceeds
As set out in the Announcement, the
Company will use the proceeds for the
following activities:
·
Preparation for Disko 2025 fieldwork as well as
stakeholder engagement;
·
Preparation for White Flame Jameson Environmental
Impact Assessment and drilling consultation;
·
Resampling and partner engagement at the Company's
Outokumpu industrial gas asset in Finland;
·
Site surveys and regional sampling at the
Company's Thule Copper project;
·
Continued maintenance and engagement on
Hammaslahti a historical state owned copper mine in Finland;
and
·
General corporate and working capital
purposes.
PDMR Participation in the
Placing
The Company has been notified of the
following participants in the Placing (conditional on Admission of
the Placing Shares):
|
Name
|
Role
|
Ordinary Shares subscribed for in
the Placing
|
Original holding prior to the
Placing
|
Total Holding if the Placing proceed
to completion
|
Percentage holding of the enlarged
share capital if the Placing proceed to completion and the
Settlement Shares are issued
|
|
Rod McIllree
|
Non-Executive Director
|
6,666,666
|
97,499,268
|
104,165,935
|
4.99
|
|
Troy Whittaker
|
Non-Executive Director
|
3,333,333
|
5,000,000
|
8,333,333
|
0.40
|
|
Eric Sondergaard
|
Managing Director
|
6,666,666
|
7,500,000
|
14,166,666
|
0.68
|
Related Party
Transactions
As Rod McIllree, Troy Whittaker, and
Eric Sondergaard are directors of the Company, their
participation in the
Placing constitutes a related party transaction for the purpose of
Rule 13 of the AIM Rules of Companies. The Director independent of
the Placing, being Mike Hutchinson,
considers having consulted with SP Angel, the Company's nominated
adviser, that the terms of the participation in the Placing is fair
and reasonable in so far as shareholders are concerned.
Appointment of Joint
Broker
The Company confirms it has
appointed Axis Capital Markets Limited as its joint broker with
immediate effect.
Admission and Total Voting
Rights
Application will be made to the
London Stock Exchange for admission of the First Placing Shares, a
total of 583,333,327 Ordinary Shares to trading on AIM. It is
expected that Admission will become effective and dealings in the
Placing Shares will commence on AIM at 8.00 a.m. on or around 6
September 2024 (or such later date as may be agreed between the
Company and the Bookrunner, but no later than 30 September 2024)
(the Admission").
The Placing Shares will be issued
fully paid and will rank pari passu in all respects with the
Company's existing Ordinary Shares.
Following Admission, the total
number of Ordinary Shares in the capital of the Company in issue
will be 2,089,397,216 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.
Capitalised terms used but not otherwise defined in this
announcement shall have the meanings ascribed to such terms in
Appendix II of the Announcement, unless the context requires
otherwise.
For further information, please
contact:
|
Bluejay Mining PLC
|
enquiry@bluejaymining.com
|
|
Eric Sondergaard
|
|
PR
& IR Adviser - BlytheRay
|
Tel: +44 (0) 20 7138 3204
|
|
Tim Blythe / Megan Ray/ Said
Izagaren
|
|
Nominated Adviser and Broker - SP Angel Corporate Finance
LLP
|
Tel: +44 (0) 20 3470 0470
|
|
Ewan Leggat / Adam Cowl
|
|
Joint Broker - Zeus Capital
|
Tel: +44 (0) 20 7220 1670
|
|
Harry Ansell/Katy Mitchell/Andrew de
Andrade
|
|
|
Joint Broker - Axis Capital Markets Limited
Lewis Jones
|
Tel: +44 (0) 203 026 0320
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
1) Roderick
McIllree
2) Troy
Whittaker
3) Eric
Sondergaard
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
1) Non-Executive
Director
2) Non-Executive
Director
3) Managing
Director
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Bluejay Mining plc
|
|
b)
|
LEI
|
213800E9AEFEHFLOVJ19
|
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument, type of instrument
Identification code
|
Issue of Placing Shares
GB00BFD3VF20
|
|
b)
|
Nature of the transaction
|
Participation in Placing
|
|
c)
|
Price(s) and volume(s)
|
|
Price
|
No. of shares
|
|
0.3p
0.3p
0.3p
|
6,666,666
3,333,333
6,666,666
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
|
0.3p
0.3p
0.3p
|
6,666,666
3,333,333
6,666,666
|
|
|
e)
|
Date of the transaction
|
22 August 2024
|
|
f)
|
Place of the transaction
|
XLON
|