Funding Update
Bluebird secures £2 million convertible loan from Skylake Management at 2p conversion price.
- Convertible loan facility £2 million
- Conversion price 2p per share
- Interest rate 0%
- Maturity date 31 December 2026
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Bluebird Mining Ventures Ltd, a gold development company is very pleased that further to the Company's announcement dated 25 June 2025, the Company has executed a £2 million Investment Agreement with Skylake Management LLP, an investment vehicle domiciled in United Kingdom ("Investment Agreement").
Investment Agreement Highlights:
- £2 million by way of a convertible loan facility at a conversion price of 2p per share
- 0% interest with maturity on 31 December 2026
Related Party Transaction
Sath Ganesarajah, a director of the Company, is a designated member of Skylake Management LLP and the Company's entry into the Investment Agreement constitutes a Related Party Transaction for the purposes of DTR 7.3. The Non-Executive Directors of the Company have considered and approved the terms of the Investment Agreement.
The Company will update the market shortly as its strategy unfolds.
Bluebird CEO and Executive Director, Sath Ganesarajah, commented, "I am delighted to execute the Investment Agreement that demonstrates my support for BMV and my personal commitment to our unfolding strategy."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.