RARE ALERT: Bluejay Mining said to be working on £15 million equity fundraising
It's a bull market, so the multi million/billion pound takeover deals and equity fundraisings are coming thick and fast.
The latest in the pipeline is Bluejay Mining, whose main asset is an ilmenite project in Greenland. What's ilmenite? Apparently, it's the most important ore of titanium and the main source of titanium dioxide, which is used in paints, fabrics, plastics, paper and sunscreen.
According to sources claiming to be familiar with the matter, Bluejay Mining - which also has polymetallic assets in Finland - is looking to raise up to £15 million via an equity placing.
It's not clear who is advising Bluejay Mining on the equity fundraising but it's thought new shares will be issued at between 20p and 24p.
Keep a look out on the regulatory announcement service as Betaville is expecting this Bluejay Mining fundraising deal to be announced in the not too distant future.
To be clear, the above story is RARE. If you are unfamiliar with the RARE concept, I have pasted it below:
Market gossip that hasn't been tested through all formal journalistic channels (public relations executives, bankers etc). The rumour might be total codswallop but then again there may be something in it, so it's worth airing on Betaville...