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Bluejay Mining ( (GB:80M) ) has shared an update.
80 Mile PLC has announced a proposed placing to raise approximately £2 million through the issuance of 400,000,000 new ordinary shares at a price of 0.5 pence per share. The funds raised will be used to advance the development of assets held by its subsidiary, Hydrogen Valley Limited, and for general corporate purposes. The placing will be conducted via an accelerated bookbuild process, with Zeus Capital acting as the agent and broker. The new shares will represent approximately 8% of the enlarged share capital, and the placing is subject to certain conditions, including admission becoming effective by mid-December 2025.
More about Bluejay Mining
Average Trading Volume: 66,572,121
Technical Sentiment Signal: Hold
Current Market Cap: £21.37M
For a thorough assessment of 80M stock, go to TipRanks’ Stock Analysis page.