29th May 2018 14:17
LONDON (Alliance News) - Bluejay Mining PLC on Tuesday said it noted media reports regarding a potential fundraise and confirmed that it is not actively considering a fundraise, whether through debt or equity.
The exploration company said it has a cash balance in excess of GBP15.0 million for the year to date, but said it will require additional funding at a future date.
Currently, the group is focused on the development of its Dundas Ilmenite Project in Greenland, where the fieldwork programme due to commence in June and run through to October.
Shares in Bluejay Mining were trading 2.2% lower at 23.22 pence each on Tuesday.
Related Shares:
JAY.L