REG - Bluejay Mining PLC - Termination of Employment of VP Exploration

Bluejay MiningAnnouncement

09/02/2024 11:15

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RNS Number : 6725C  Bluejay Mining PLC  09 February 2024

9 February 2024

 

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

 

Termination of Employment of VP Exploration, Legal Action Initiated

 

Bluejay Mining plc ('Bluejay' or the 'Company'), the AIM, FSE listed and OTCQB
traded exploration and development company with projects in Greenland and
Finland, announces the termination as of 28 January 2024 of the employment of
Mr. Joshua Hughes, Vice President of Exploration, due to gross misconduct.
Following an investigation, the Company found that Mr. Hughes had set up a
competing business intended to operate in Greenland and, in breach of his
employment contract, found that he had (i) misused Company confidential and
proprietary information in securing exploration licenses surrounding the
Company's Dundas Titanium project, and (ii) sought to conceal certain of these
actions from the Company. Mr. Hughes has not exercised his right to appeal the
Company's decision.

 

The extent of these actions, undertaken while a full-time employee of the
Company, was not fully known to the prior executive team at the time.

 

Bluejay regards these actions as extremely serious and as such intends to take
all necessary action, including legal action, as required against Mr. Hughes
and the competing business he set up, in order to safeguard stakeholder
interests. The Company will update shareholders as it works through these
issues in due course, as appropriate.

 

 

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

 Board of Directors        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 /  BlytheRay                        +44 (0) 20 7138 3205

Said Izagaren
(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.

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