VANCOUVER, British Columbia, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Blue Jay Gold Corp. ("Blue Jay" or the "Company"), is pleased to announce that it has completed the final closing of its non-brokered private placement previously announced on September 4, 2025 (the "Offering").
The Offering comprised an aggregate of 8,244,442 units of the Company (the "Units") at a price of $0.60 per Unit for total gross proceeds of $4,946,665.20. Each Unit consists of one common share and one half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share at $0.90 for a period of two years from the date of issuance, subject to customary acceleration provisions. These terms are consistent with the Offering as announced on September 4, 2025.
The Company intends to use the net proceeds to initiate work on the Skukum Gold Project, located in the Yukon, continue exploration on its Ontario assets (primarily on the Pichette-Clist project), satisfy the Skukum security demand, and for general corporate purposes, including continuation of the listing process. The exploration work program on the Skukum Gold Project is expected to include near-mine target review, early field activities, and on-site drill target preparation.
"Closing this financing lets us move directly into the next phase of work at Skukum," said Geordie Mark, CEO of Blue Jay Gold Corp. "Our exploration team is on-site conducting target evaluations, preparing work sites, and selecting drill locations as we advance our exploration program. We will also progress priority tasks on our Ontario assets. Thank you to our shareholders and supporters for supporting this plan as we execute a disciplined, data-driven program to unlock value."
Key Project Highlights (Skukum Gold Project, Yukon):
We are advancing a large project with multiple zones of defined high-grade mineralization, using a modern, systems-based approach to accelerate exploration across a district-scale magmatic-epithermal field
Drilling will target the lateral and depth extensions of high-grade gold and silver mineralization across several target zones
Exceptional infrastructure access. All-season road, ~1 hour to Whitehorse for services and workforce, ~0.5 hour to the Carcross railhead, and ~1.5 hours to the Skagway deep water port. This supports efficient logistics and lower operating ...
