REG - Bluebird Mining Vnt. - Board Appointment and Bitcoin Funding

Bluebird Mining VenturesAnnouncement

25/06/2025 10:45

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RNS Number : 3563O  Bluebird Mining Ventures Limited  25 June 2025

Bluebird Mining Ventures Ltd / EPIC: BMV.L / Market: FTSE / Sector: Mining

 

25 June 2025

 

Bluebird Mining Ventures Ltd

('Bluebird' or 'the Company')

 

Board Appointment and Bitcoin Funding

 

Bluebird Mining Ventures Ltd., a pan Asian gold project development company,
is pleased to announce the execution of a Heads of Terms for a strategic
funding and governance agreement.

 

Highlights:

 

·    Funding facility of £2 million with an immediate £1 million to
facilitate the commencement of the Company's initial Bitcoin Treasury strategy
purchase;

·    Loan enjoys a 0% interest with maturity date of 31 December 2026;

·    Board appointment with experienced and extensive digital assets
background;

·    Expected appointment of a new CEO by the end of July 2025.

 

The Heads of Terms has been signed with an investment vehicle by its Director,
Mr Sath Ganesarajah and provides for a funding facility of £2 million at 0%
interest with maturity on the 31 December 2026.  An initial drawdown of £1
million shall be made available upon execution of a Definitive Agreement where
all the proceeds will be used to buy bitcoin.  The funding shall be
convertible at the investor's election at a price of 2p per Bluebird share.

 

Mr Sath Ganesarajah shall join the Board of Directors of Bluebird on 30 June
2025 as Non-Executive Chairman.  His biography is set out below.

 

Sath Ganesarajah, 43, British

 

Sath is a seasoned entrepreneur and investor with deep expertise in crypto
assets and institutional capital markets. He first bought Bitcoin in 2017 and
has since advised several global hedge funds and institutional investors on
crypto strategy, digital asset fund structuring, and large-scale
infrastructure deployment-supporting mandates totaling over US$1 billion in
Assets Under Management (AUM).

 

He is the founder and CEO of The BE Company, a clean energy and AI
infrastructure business with operations in the UK, US, and Canada. Across
multiple ventures, he has developed and operated over 50MW of digital
infrastructure, including immersion-cooled compute and modular clean energy
projects.  Earlier in his career, Sath held senior trading and structuring
roles at Morgan Stanley, Citi, and Credit Suisse, specialising in structured
credit and emerging markets.

 

Sath holds a BSc in Management from the London School of Economics and a
Postgraduate Certificate in Mathematics from Birkbeck. He has also completed
executive programmes in Blockchain Strategy (University of Oxford) and Data
Science.

 

The Board will work together with a view to expediting the appointment of a
new CEO by the end of July with several candidates presently in the frame whom
will be tasked with spearheading Bluebird's UK first approach of physical Gold
+ "digital gold" investing strategy.

 

Mr Ganesarajah commented:  "Bluebird has the right ingredients-hard assets,
public market access, and a clean slate. My ambition is to help shape Bluebird
into a £1 billion company over the coming cycle."

 

 

Bluebird Executive Director and Interim CEO Aidan Bishop said, "I am delighted
to welcome Sath to the board of Bluebird.  Over the course of our
discussions, it was evident that the scale of his ambition with regards to
building out the potential for Bluebird is precisely what the Company requires
as it continues to focus and evolve its unique new trajectory.  This initial
funding to buy Bitcoin is also on great terms for shareholders evidencing
Sath's confidence in the current underlying asset base and the future
strategy.  The Company is moving as quickly as possible to capture the
opportunity from the enthusiasm surrounding 'digital gold'.  I believe that
we are still very early in the cycle and despite market volatility we are
positioning to capture upside for our shareholders. I look forward to updating
the market in near term with continued major catalysts to drive the continued
re-rating and market evaluation of the Company and its prospects"

 

 

**ENDS**

 

For further information please visit https://bluebirdmv.com or contact:

Jonathan Morley-Kirk    Bluebird Mining Ventures Ltd     Email:
jmk@bluebirdmv.com (mailto:colin@bluebirdmv.com)

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