Canadian gold explorer Blue Jay raises $14m for exploration
Canadian gold exploration company Blue Jay Gold Corporation has successfully raised gross proceeds of $14.7-million following a “best efforts” brokered private placement led by Beacon Securities.
Effective May 28, all 18.7-million outstanding subscription receipts were automatically converted into underlying shares and underlying warrants.
Each of the 9.3-million warrants entitles the holder to purchase one additional common share of the company at a price of $1.20 apiece for 24 months.
Net proceeds received by Blue Jay were $13.9-million, with the company now having 47-million common shares issued and outstanding.
Blue Jay is focused on growing and discovering resources within established gold-producing regions in Canada. The company’s flagship asset is the 100%-owned Steller gold project in southern Yukon, an infrastructure-supported, past-producing mine with significant exploration upside and clear near-term catalysts.
Blue Jay has also built a portfolio of projects in Ontario.
With strategically located assets and a leadership team experienced in geology and capital markets, Blue Jay will advance disciplined, modern exploration programmes focused on target definition, resource growth, and new discoveries in known gold-mineralised regions.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation

















