Blue Jay Gold to Raise CA$3 Million Via Private Placement With Ocean Partners

MT newswire2026/10/26 12:20

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08:20 AM EDT, 10/26/2026 (MT Newswires) -- Blue Jay Gold (JAY.V) launched a private placement financing with Ocean Partners UK Limited for CA$3 million, it said in a statement on Monday. The offering consisted of the issuance of 3.3-million units at CA$0.90 apiece. Each unit will be comprised of one share and one one-year warrant, with each warrant entitling the holder to buy a share for CA$1.20. Ocean Partners is expected to hold about 6.5% of the issued and outstanding common shares on a non-diluted basis following closing, it said. Proceeds will be used to fund exploration and study work at the company's Steller Gold project located in Yukon, and for general working capital needs, it added. Shares of the company closed down 2.7% to CA$0.71 on Friday on the TSX Venture Exchange.

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