Business
Proposed Accelerated Bookbuild, Holding in Company
Proposed Accelerated Bookbuild, Holding in Company.
About this update from 80 Mile Plc
[{"type":"text","content":"\n \nRNS Number : 5960H Bluejay Mining PLC 08 June 2017 \n\n \nBluejay Mining plc / EPIC: JAY / Market: AIM / Sector: Mining\n \n \nTHIS ANNOUNCEMENT, INCLUDING THE APPENDIX, AND THE INFORMATION CONTAINED HEREIN, IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.\n \nTHIS ANNOUNCEMENT, INCLUDING THE APPENDIX, IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE AN OFFER FOR SALE OR SUBSCRIPTION OF ANY SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT AND THE APPENDIX DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES OF BLUEJAY MINING PLC IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 596/2014. IN ADDITION, MARKET SOUNDINGS WERE TAKEN IN RESPECT OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.\n \nBluejay Mining plc ('Bluejay' or the 'Company')\nProposed Accelerated Bookbuild, Holdings in Company\n \nBluejay Mining plc, the AIM and FSE listed company with projects in Greenland and Finland, is pleased to announce that Western Areas Ltd (\"Western Areas\") intends to sell up to 138,611,112 ordinary shares of Bluejay (\"Vendor Shares\"), being its entire shareholding in the Company, to a number of UK based institutional investors at 12p per share (\"Placing Price\") (together \"Vendor Placing\").\n \nBluejay also intends to raise up to £3.5 million (before expenses) by a placing of new ordinary shares of the Company (\"New Placing Shares\") at the Placing Price of 12p per share (\"Standard Placing\"). The Company will use the net proceeds of the equity fundraising to fund development work in relation to the Pituffik project in Greenland as well as for general working capital ...