Business
Placing Result, PDMR Dealing & Broker Appointment
Placing Result, PDMR Dealing & Broker Appointment.
About this update from 80 Mile Plc
[{"type":"text","content":"\n\nTHE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \nBluejay Mining plc\n \n(\"Bluejay\", the \"Company\" or the \"Group\")\n \nResult of Placing\nPDMR Dealing\nAppointment of Joint Broker\n \nThe Company confirms, further to its announcement of 4.36 p.m. BST on 22 August 2024 (the \"Announcement\"), that it has successfully closed the Placing.\nResult of Placing\nSubject to the satisfaction of the conditions referred to below, the Placing has raised, in aggregate, gross proceeds of £1.75 million through the placing of 583,333,327 Ordinary Shares (the \"Placing Shares\") with various UK & European institutional, Directors and management as well as existing and new sophisticated investors at a price of 0.3 pence per share (the \"Placing Price\").\nThe allotment and issue of the Placing Shares is conditional, inter alia, upon:\n· Admission becoming effective by no later than 8.00 a.m. on 6 September 2024 (or such other time and/or date, being no later than 8.00 a.m. on 30 September 2024, as Zeus and the Company may agree);\n· the conditions in the Placing Agreement in respect of the Placing Shares being satisfied or (if applicable) waived; and\n· the Placing Agreement not having been terminated in accordance with its terms prior to Admission.\nAccordingly, if any of such conditions are not satisfied or, if applicable, waived, the Placing will not proceed.\n\nUse of Proceeds\nAs set out in the Announcement, the Company will use the proceeds for the following activities:\n· Preparation for Disko 2025 fieldwork as well as stakeholder engagement;\n· Preparation for White Flame Jameson Environmental Impact Assessment and drilling consultat...