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Beacon Securities|Blue Jay Gold|Canada|Steller Gold Project|Gold Mining|Ontario|Yukon
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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

     

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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

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