[ad_1]
~ Acquisition provides substantial Yukon gold challenge to Firm’s portfolio ~
Blue Jay Gold Corp. (” Blue Jay ” or the “Firm “) is happy to announce that it has accomplished the beforehand introduced acquisition (the ” Transaction “) of Tincorp Metals Inc.’s (TSXV: ” TIN “; OTCQX: ” TINFF “, ” Tincorp “) wholly-owned subsidiary, Whitehorse Gold (Yukon) Corp. (” Whitehorse Gold “), efficient September 29, 2025. Whitehorse Gold holds a 100% curiosity within the Skukum Gold Challenge (the ” Challenge “) situated in Yukon, Canada.
“Closing the Skukum Challenge acquisition is a defining step for Blue Jay,” stated Geordie Mark, CEO of Blue Jay. “The Yukon is an unimaginable jurisdiction with wonderful geological potential, supportive frameworks and companions, and enjoys a wealthy tradition steeped in mining historical past. Skukum is a cornerstone asset for us, and as a former manufacturing web site, we consider the world represents a significant alternative for lower-risk discovery and challenge reinvigoration. Our near-term focus is to check the expansion potential of the mineralized methods in and round underground growth areas, and mature new targets to maintain challenge longevity. We’re dedicated to upholding our duties in a way that helps long-term worth creation whereas aligning with our disciplined method to capital allocation and group partnership.”
Beneath the phrases of the share buy settlement between the events (the ” Settlement “), the overall consideration payable by Blue Jay for the acquisition of the shares of Whitehorse Gold was structured as two funds: (i) at closing, Blue Jay issued 500,000 frequent shares of the Firm and 250,000 frequent share buy warrants (every, a ” Warrant “) to Tincorp, having an mixture worth of $300,000; and (ii) $275,000, payable in money and/or shares of the Firm at Blue Jay’s election, is to be paid to Tincorp on the primary anniversary of the deadline. Every Warrant entitles Tincorp to amass one extra frequent share at an train worth of $0.90 per share for a interval of two years from the date of issuance, topic to sure acceleration provisions.
For extra data concerning the acquisition, see our press launch introduced June 4, 2025, and out there on SEDAR.com
About Blue Jay
Blue Jay Gold Corp. is a Canadian gold exploration firm targeted on rising and discovering assets inside established brownfields areas in Canada. The Firm has constructed a portfolio of tasks in Canada in extremely wanted Tier 1 mining jurisdictions. With our strategically situated tasks and a management staff skilled in geology and capital markets, Blue Jay Gold will advance disciplined, trendy exploration methods throughout tasks in identified gold mineralized areas throughout Canada.
ON BEHALF OF BLUE JAY GOLD CORP.
signed “Geordie Mark”
Geordie Mark, CEO
For extra data contact:
BLUE JAY GOLD CORP.
Cautionary Notice Relating to Ahead-Wanting Statements
This information launch accommodates forward-looking statements and forward-looking data (collectively, “forward-looking statements”) inside the which means of relevant Canadian and U.S. securities laws. All statements, aside from statements of historic reality included on this launch, together with, with out limitation, statements concerning the exploration and growth potential of the Challenge, the potential of future funds below the Settlement and the preparation of a technical report are forward-looking statements.
Ahead-looking statements are sometimes, however not at all times, recognized by phrases or phrases equivalent to “expects”, “is predicted”, “anticipates”, “believes”, “plans”, “tasks”, “estimates”, “assumes”, “intends”, “methods”, “targets”, “targets”, “forecasts”, “targets”, “budgets”, “schedules”, “potential” or variations thereof or stating that sure actions, occasions or outcomes “could”, “may”, “would”, “may” or “will” be taken, happen or be achieved, or the unfavourable of any of those phrases and related expressions. These statements are based mostly on the opinions, assumptions, elements and estimates of administration thought-about cheap as of the date such statements are made. Assumptions embrace, however should not restricted to, the flexibility to acquire and preserve governmental approvals, permits, and licenses in reference to the Firm’s deliberate growth and exploration actions on the Firm’s tasks.
Ahead-looking statements contain identified and unknown dangers, uncertainties and different elements which can trigger precise outcomes, efficiency or achievements to vary materially from these expressed or implied by such statements which contain the state of fairness financing markets, volatility of market costs, and fluctuations in metallic costs.
Though Blue Jay has tried to determine essential elements that would trigger precise outcomes to vary materially from these contained in forward-looking statements, there could also be different elements that trigger outcomes to vary. Readers are cautioned to not place undue reliance on these statements, and Blue Jay undertakes no obligation to replace or revise any forward-looking statements, besides as required by relevant regulation.
[ad_2]
