Bluejay Mining (GB:JAY) has released an update.
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Bluejay Mining plc has announced the successful acquisition of White Flame Energy Limited, with a 95% shareholder acceptance rate, as part of its expansion into large scale industrial gas and hydrocarbon exploration in Greenland. The initial transaction involves Bluejay acquiring 51% of White Flame for £1,402,500 in company shares, and a 3-year option to buy the remaining 49%. The integration process, including share transfer and a potential company name change, will unfold in the coming weeks.
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