trending Market Intelligence /marketintelligence/en/news-insights/trending/rmjfPL9EUp9QBuzZ3C4PxQ2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Western Areas sells 19% stake in Bluejay Mining for A$27M

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Video

COVID-19 Impact & Recovery: Metals and Mining Outlook for H2 2021

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Mining M&A in 2020 — Deal activity bounces back in H2 after disrupted H1


Western Areas sells 19% stake in Bluejay Mining for A$27M

Western Areas Ltd. completed the sale of its entire stake in Bluejay Mining plc, which totals to about 18.8% of the latter's total issued share capital.

The company said June 9 that it sold the stake for net proceeds of A$27 million, and the transaction is scheduled for settlement June 15.

Meanwhile, Bluejay said June 8 that it intends to raise gross proceeds of up to £3.5 million by placing new shares at 12 British pence apiece.

Bluejay intends to use the net proceeds to fund development work at its Pituffik titanium project in Greenland as well as for general working capital purposes.