Bluejay Mining Launches £1.5 Million Capital Raise

Bluejay Mining (GB:JAY) has released an update.

Bluejay Mining PLC has announced a strategic fundraising initiative, aiming to raise approximately £1.5 million through the issuance of 500 million new ordinary shares at a discounted price of 0.3 pence each. This capital raise is intended to fund preparations for upcoming fieldwork, environmental assessments, and general corporate purposes across the company’s portfolio of mining projects. The placing, which is not underwritten, is being facilitated by Zeus Capital through an accelerated bookbuild process, and the new shares will constitute roughly 20.77% of the enlarged share capital upon successful completion.

For further insights into GB:JAY stock, check out TipRanks’ Stock Analysis page.