Business
Capital Reorganisation and Proposed Fundraise
Bluebird Mining Ventures Ltd has announced a proposed equity fundraise of £627,450 through a placing and subscription at 0.15 pence per share, alongside a capital reorganisation to support its gold-focused streaming and treasury strategy. This includes the acquisition of legacy loans totalling £200,000 by Skylake Management LLP, which has agreed to extend repayment terms. Furthermore, a £3.25 million fixed-price equity subscription facility at 0.50 pence per share has been established, with potential participation from management, Skylake, and external investors. The company is also cancelling warrants acquired by Skylake to simplify its capital structure and has terminated a previous line of credit associated with a discontinued digital-asset strategy. Disclaimer*
About this update from Bluebird Mining Ventures Ltd.
[{"type":"text","content":"\n\n18 December 2025\n \nBluebird Mining Ventures Ltd\n \n(\"BMV or the \"Company\")\n \nCapital Reorganisation and Proposed Fundraise\n \nBluebird Mining Ventures (LSE: BMV), the gold streaming and treasury company, is pleased to announce a proposed equity fundraise to raise £627,450 through a placing and subscription (the \"Fundraise\"). In addition, the Company has initiated a capital reorganisation programme to stabilise the balance sheet and establish a structured funding framework to support the Company's revised gold-focused streaming and treasury strategy.\n \nThe measures described below are at varying stages of implementation and are being progressed in parallel. All transactions, arrangements and initiatives referred to in this announcement are subject, where applicable, to regulatory approvals, shareholder authorities and the UK prospectus regime.\n \nThese actions have been undertaken in coordination with Skylake Management LLP (\"Skylake\"), an investment vehicle controlled by the Company's Chief Executive Officer, Sath Ganesarajah.\n \nFundraise and Acquisition of Legacy Loans\n \nPlacing and Subscription\n \nThe Company, subject to regulatory approvals, has completed a fundraise of a total of £627,450, before expenses, by way of issue of 418,300,000 new ordinary shares in the capital of the Company at 0.15 pence per share. Of the total of the monies raised, £500,000 was via a Placement with CMC Markets UK Plc (\"CMC\"), trading as CapX and the balance of £127,450 was via Subscription by HNW sophisticated investors.\n \nThe Placing, Subscription and admission of new ordinary shares to trading remains subject to regulatory approvals, shareholder authorities and the UK prospectus regime and the Company will update the market further as appropriate. The proceeds are expected to provide working capital and support the Company's transition to its gold-focused strategy.\n \nCMC acted as the Company's sole placing agent in respect of the Placing. BMV is also pleased to announce that CMC has been appointed as the Company's joint corporate broker.\n \nAcquisition of Legacy Loans - Related Party Transaction\n \nTwo legacy loans totalling £200,000 and due in December 2025 have been acquired by Skylake. Skylake has agreed, in principle, to extend repayment on mu...