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 or
contact:
|
Bluejay Mining PLC
Eric Sondergaard
|
enquiry@bluejaymining.com
|
|
PR
& IR Adviser - BlytheRay
Tim Blythe / Megan Ray / Said
Izagaren
|
Tel: +44 (0) 20 7138 3204
|
|
Nominated Adviser and Broker - SP Angel Corporate Finance
LLP
Ewan Leggat / Adam Cowl
|
Tel: +44 (0) 20 3470 0470
|
|
Joint Broker - Zeus Capital
Harry Ansell / Katy Mitchell /
Andrew de Andrade
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Tel: +44 (0) 20 7220 1670
|
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Joint Broker - Axis Capital Markets Limited
Lewis Jones
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Tel: +44 (0) 203 026 0320
|
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.
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Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
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Name:
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Roderick McIllree
|
|
2.
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Reason for the notification
|
|
a)
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Position/status:
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Director
|
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b)
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Initial
notification/Amendment:
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Initial notification
|
|
3.
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Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
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Name:
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Bluejay Mining plc
|
|
b)
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LEI:
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213800E9AEFEHFLOVJ19
|
|
4.
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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)
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Description of the financial
instrument, type of instrument:
Identification code:
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Ordinary shares of £0.01
each
GB00BFD3VF20
|
|
b)
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Nature of the
transaction:
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Purchase of ordinary
shares
|
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c)
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Price(s) and volume(s):
|
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Price(s)
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Volume(s)
|
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£0.0031146
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7,500,000
|
|
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d)
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Aggregated information:
Aggregated volume:
Price:
|
As above
|
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e)
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Date of the transaction:
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23 August 2024
London time
|
|
f)
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Place of the transaction:
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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**