Director Dealing
23/08/2024 09:20
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RNS Number : 5968B Bluejay Mining PLC 23 August 2024
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector: Mining
23 August 2024
Bluejay Mining plc ('Bluejay' or the 'Company')
Director Dealing
Bluejay Mining plc, the AIM, FSE listed and Pink Sheet traded exploration and
development company with projects in Greenland and Finland, announces that it
was notified on 23 August 2024 that Company Director Mr Roderick McIllree
purchased 7,500,000 shares ordinary shares of the Company ("Ordinary Shares")
at 0.31146 pence per share.
Following this purchase, Mr Mcillrees' total beneficial ownership in the
Company is now 111,665,935 Ordinary Shares, which represents approximately
5.34% of the Company's issued share capital of 2,089,397,216 Ordinary Shares.
Further details on the purchase are included in the notification below.
Roderick McIllree, Director of Bluejay Mining, commented:
"Due to excessive demand for the placement and scale back of investors in the
placement including myself, and a strong desire to maintain my exposure to the
Company for the various upcoming field activities, completing my order on
market was the only way to secure the number of shares I originally wanted. I
would like to thank all investors, both new and old, in the recent raising for
their support and look forward to a productive 12-18 months across multiple
project platforms, specifically Disko and Jameson."
For further information please visit http://www.bluejaymining.com
(http://www.bluejaymining.com/) or contact:
Bluejay Mining PLC enquiry@bluejaymining.com (mailto: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 Tel: +44 (0) 203 026 0320
Lewis Jones
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the
European Union (Withdrawal) Act 2018.
Details of the person discharging managerial responsibilities/person closely
associated
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Roderick McIllree
2. Reason for the notification
a) Position/status: 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: Ordinary shares of £0.01 each
Identification code: GB00BFD3VF20
b) Nature of the transaction: Purchase of ordinary shares
c) Price(s) and volume(s):
Price(s) Volume(s)
£0.0031146 7,500,000
d) Aggregated information:
Aggregated volume: As above
Price:
e) Date of the transaction: 23 August 2024
London time
f) Place of the transaction: AIM
d)
Aggregated information:
Aggregated volume:
Price:
As above
e)
Date of the transaction:
23 August 2024
London time
f)
Place of the transaction:
AIM
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).
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 for which it will seek strategic alternatives.
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. Bluejay also owns
29% of Metals One PLC (AIM: MET1) after the divestment of its Black Shales
Project.
**ENDS**
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