Blue Jay Gold Corp. Announces Completion of Non-Brokered Private Placement Financing

1 hour ago 1

Article content

In connection with the Offering, the Company paid aggregate cash finder’s fees of $80,941.50 and issued an aggregate of 131,901 non-transferable finder’s warrants, each finder’s warrant exercisable for one common share at an exercise price of $0.90 for two years from the date of issuance of the finder’s warrants, to arm’s length finders in accordance with applicable securities laws.

Article content

All securities issued under the Offering are subject to a statutory hold period of four months and one day from the date of issuance with tranches 1 and 2 expiring on January 30th, 2026, and March 1st, 2026 respectively.

Article content

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption. This news release does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction where such offer or sale would be unlawful.

Article content

About Blue Jay

Article content

Blue Jay Gold Corp. is a Canadian gold exploration company focused on growing and discovering resources within established brownfields regions in Canada. The Company has built a portfolio of projects in Canada in highly sought after Tier 1 mining jurisdictions. With our strategically located projects and a leadership team experienced in geology and capital markets, Blue Jay Gold will advance disciplined, modern exploration strategies across projects in known gold mineralized regions across Canada.

Article content

ON BEHALF OF THE BOARD OF BLUE JAY GOLD CORP.

Article content

signed “Geordie Mark”
Geordie Mark, CEO

Article content

For additional information contact:

Article content

BLUE JAY GOLD CORP.

Article content

Cautionary Note Regarding Forward-Looking Statements

Article content

This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and U.S. securities legislation. All statements, other than statements of historical fact included in this release, including, without limitation, statements regarding the use of proceeds of the Offering, the expected benefits of the Offering to Blue Jay, the exploration results on the Skukum project, and a potential listing on a stock exchange are forward-looking statements.

Article content

Forward-looking statements are often, but not always, identified by words or phrases such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”, “targets”, “goals”, “forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions. These statements are based on the opinions, assumptions, factors and estimates of management considered reasonable as of the date such statements are made. Assumptions include, but are not limited to, the ability to obtain and maintain governmental approvals, permits, and licenses in connection with the Company’s planned development and exploration activities at the Company’s projects; and the ability of Blue Jay to obtain a listing on a stock exchange.

Article content

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements which involve the state of equity financing markets, volatility of market prices, and fluctuations in metal prices. Forward-looking information is provided herein to give context regarding the Offering and its anticipated effects, and the Skukum Gold Project, but may not be appropriate for other purposes. There is also no assurance that the anticipated strategic or economic benefits of the Offering will be realized.

Article content

Although Blue Jay has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results to differ. Readers are cautioned not to place undue reliance on these statements, and Blue Jay undertakes no obligation to update or revise any forward-looking statements, except as required by applicable law.

Article content