https://www.engineeringnews.co.za
Beacon Securities|Blue Jay Gold|Canada|Steller Gold Project|Gold Mining|Ontario|Yukon
||||
beacon-securities|blue-jay-gold|canada|steller-gold-project|gold-mining|ontario|yukon

Canadian gold explorer Blue Jay raises $14m for exploration

2nd June 2026

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

Canadian gold exploration company Blue Jay Gold Corporation has successfully raised gross proceeds of $14.7-million following a “best efforts” brokered private placement led by Beacon Securities.

Effective May 28, all 18.7-million outstanding subscription receipts were automatically converted into underlying shares and underlying warrants.

Each of the 9.3-million warrants entitles the holder to purchase one additional common share of the company at a price of $1.20 apiece for 24 months.

Net proceeds received by Blue Jay were $13.9-million, with the company now having 47-million common shares issued and outstanding.

Blue Jay is 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 programmes focused on target definition, resource growth, and new discoveries in known gold-mineralised regions.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

VISIT SHOWROOM 
Alcohol Breathalysers
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.055 0.881s - 150pq - 2rq
Subscribe Now