On June 2, 2026, Blue Jay Gold Corp. (“Blue Jay”) received final approval from the TSX Venture Exchange (the “Exchange”) for the listing of its common shares on the Exchange (the “Listing”). Blue Jay was approved for listing as a Tier 1 Mining Issuer on the Exchange, and its common shares began training on the Exchange under the symbol “JAY” on Thursday, June 4, 2026.
In connection with the Listing, Blue Jay completed a brokered private placement of 18,350,500 subscription receipts (“Subscription Receipts”) at a price of $0.80 per Subscription Receipts for aggregate gross proceeds of approximately $14.7 million (the “Offering”).
The Offering was conducted by a syndicate of agents led by Beacon Securities Limited, and including ATB Cormark Capital Markets and Red Cloud Securities Inc.
Upon the satisfaction of certain escrow release conditions – including the conditional approval for the Listing – each Subscription Receipt was automatically exercised into one unit (a “Unit”) of the Company. Each Unit consists of one common share and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to acquire one common share (a “Warrant Share”), at a price per Warrant Share of $1.20 for a period of 24 months from the date of issuance, subject to certain acceleration provisions. The distribution of the Units issued upon conversion of the Subscription Receipts was qualified by a final long form prospectus of Blue Jay dated May 22, 2026 (the “Final Prospectus”). The Final Prospectus was also used as the disclosure document for Blue Jay’s application for the Listing on the Exchange.
Blue Jay intends to use the net proceeds of the Offering to fund exploration programs at its Steller Gold and Pichette-Clist properties, as well as for general working capital and costs associated with its go-public listing.
Blue Jay is a Canadian gold exploration company focused on growing and discovering resources within established gold producing regions in Canada. The Company’s flagship asset is the 100%-owned Steller Gold Project in southern Yukon, an infrastructure-supported, past-producing mine with significant exploration upside and clear near-term catalysts. Blue Jay has also built a portfolio of projects in Ontario. With strategically located assets and a leadership team experienced in geology and capital markets, Blue Jay will advance disciplined, modern exploration programs focused on target definition, resource growth, and new discoveries in known gold-mineralized regions.
Further details regarding Blue Jay, the Listing, and the Offering can be found on Blue Jay’s website. Blue Jay trades under the symbol “JAY” on the Exchange.
