15 Aug 2022 07:00
Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector: Mining
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15 August 2022
Jangada Mines plc
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Sixth and final tranche of post-completion consideration shares received from ValOre
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Jangada Mines plc, a natural resources company, is pleased to announce that it has been issued the sixth and final tranche of 500,000 common shares in TSX-V listed ValOre Metals Corp. ('ValOre') in relation to the disposal of the Company's previously owned PGM project held by Pedra Branca Brasil Mineracão Ltda ('Pedra Branca').
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Under the terms of the agreement with ValOre, which was completed on 15 August 2019, Jangada sold its interests in Pedra Branca to ValOre in a cash and shares agreement, payable in six tranches. All cash payments due to Jangada have been received totalling CAD$3,000,000, as well as all tranches of post-completion consideration shares.
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Following the receipt of this sixth tranche, Jangada has a holding of 1,000,000 ValOre shares.
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This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (withdrawal). Upon the publication of this announcement, this inside information is now considered to be in the public domain.
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**ENDS**
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For further information please visit www.jangadamines.com or contact:
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 Jangada Mines plc | Brian McMaster (Chairman) | Tel: +44 (0) 20 7317 6629 |
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Strand Hanson Limited (Nominated & Financial Adviser) | Ritchie Balmer James Spinney  | Tel: +44 (0)20 7409 3494 |
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Tavira Securities Limited (Broker) | Jonathan Evans | Tel: +44 (0)20 7100 5100 |
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St Brides Partners Ltd (Financial PR) | Ana Ribeiro Isabel de Salis | jangada@stbridespartners.co.uk |
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