REG - Bluejay Mining PLC - Result of General Meeting

Bluejay MiningAnnouncement

05/02/2024 14:15

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RNS Number : 0643C  Bluejay Mining PLC  05 February 2024

5 February 2024

Bluejay Mining plc / Ticker: JAY / Market: AIM / Sector: Mining

Result of 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 General Meeting held
earlier today, the resolutions were duly passed.

The votes were cast as follows:

 No  Ordinary Resolution                                                             For          Against     Votes Withheld
 1   To authorise the Directors to allot the relevant securities up to an aggregate  108,688,487  16,750,727  2,862,582
     nominal value of £14,990.
 2   To authorise the Directors to allot the relevant securities up to an aggregate  108,608,222  16,868,074  2,825,500
     nominal value of £23,918.
 3   To authorise the directors to issue equity securities wholly for cash on a      107,299,989  17,989,008  3,012,799
     non-pre-emptive basis up to an aggregate nominal amount of £14,990 pursuant
     to the authority conferred by Resolution 1.
 4   To authorise the directors to issue equity securities wholly for cash on a      107,967,748  17,321,425  3,012,623
     non-pre-emptive basis up to an aggregate nominal amount of £23,918 pursuant
     to the authority conferred by Resolution 2.

 

Admission and Total Voting Rights

Pursuant to the passing of the resolutions, application has been made for the
149,854,285 Second Placing Shares and 10,178,810 Settlement Shares (as defined
in the Circular dated 19 January 2024) to be admitted to trading on AIM
("Admission"). It is expected that Admission will become effective on or
around 8.00 a.m. on 6 February 2024.

Following Admission, the total number of Ordinary Shares in the capital of the
Company in issue will be 1,506,063,889 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.

 

 

For further information please visit http://www.bluejaymining.com
(http://www.bluejaymining.com)  or contact:

 Eric Sondergaard                        Bluejay Mining plc               enquiry@bluejaymining.com
 Ewan Leggat / Adam Cowl                 SP Angel Corporate Finance LLP   +44 (0) 20 3470 0470

(Nominated Adviser and Broker)
 Tim Blythe / Megan Ray / Said Izagaren  BlytheRay                        +44 (0) 20 7138 3205

(Media Contact)

 

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). This project is Bluejay's primary focus.

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.

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. In August 2023,
Bluejay successfully divested its Black Schist Projects in Finland to Metals
One plc in a transaction worth £4.125 million (Bluejay currently owns c. 29%
of the issued ordinary share capital of AIM listed Metals One plc).

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