REG - Bluebird Merchant - South Korean Board Appointment

Bluebird Mining VenturesAnnouncement

20/07/2022 07:00

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RNS Number : 0934T  Bluebird Merchant Ventures Limited  20 July 2022

Bluebird Merchant Ventures Ltd

("Company" or "Bluebird")

South Korean Board Appointment

Bluebird Merchant Ventures (EPIC: BMV), the South Korean focused gold
development group is pleased to announce the appointment of Mr. Sung Kwan
(Daniel) Sun to the Board of Directors of the South Korean subsidiary
companies.  The Company considers this to be a key appointment that will
strengthen the Company and its operations in South Korea.  As the projects
move into production there will be significantly more work taking place in
country than previously and this requires experienced personnel in key
positions.

Daniel Sun is a graduate of Sogang University.  He worked at Deloitte Anjin
LLC from 2004 to 2014.  He is an advisor to the Korea Trade-Investment
Promotion Agency (KONTRA) Global Mergers and Acquisitions.  Daniel
specialises in foreign invested Korean companies.  He has successfully
assisted Doosan Group, a South Korean multinational conglomerate in their
overseas acquisitions of Mitsui Babcock (UK), Labmeyer (Germany) and Isola
(USA).  He also assisted in the management of offshore projects by Mirae
Asset Real Estate Funds, Lotte Construction and Dongwon Group in the
acquisition of Starkist.  Daniel is also a Certified Public Accountant and a
partner at Wooin Accounting Firm.

 

The Company has previously made announcements regarding the admission to
trading of shares that were previously issued.  After dialogue with the FCA,
the Company has been able to determine a certain number of historical share
issuances that require admission to trading.

An application has been made for the Admission of the following shares to
trading - 13,003,268 shares at an average of 2p ("Funding Shares"); the
exercise of warrants over 2,692,307 shares at 1.3p ("Warrant Exercise
Shares"); and 62,385,234 shares at an average of 2.49p ("April 2016 to March
2019 Shares").  The Company had believed that the April 2016 to March 2019
Shares had previously be admitted to trading as the Company published a
Prospectus on 13 June 2019 and 20 December 2021.  Admission is expected to
occur on or around 21 July 2022.  Upon Admission there will be 638,115,042
shares in issue.

Colin Patterson, CEO, commented:

"I am delighted to welcome Daniel to the team.  I have been impressed with
his professionalism and am confident that his appointment will contribute to
the success of our Company.  I am also expecting that we will be announcing
further key appointments over time."

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION EU 596/2014 ("MAR").

Enquiries:

Bluebird Merchant Ventures Ltd

Jonathan Morley-Kirk, Non-Executive
Chairman
jmk@bluebirdmv.com

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