Last checked at 15 Aug 2022 07:00
Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector: Mining
15 August 2022
Jangada Mines plc
Sixth and final tranche of post-completion consideration shares received from ValOre
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').
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.
Following the receipt of this sixth tranche, Jangada has a holding of 1,000,000 ValOre shares.
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.
**ENDS**
For further information please visit www.jangadamines.com or contact:
Jangada Mines plc | Brian McMaster (Chairman) | Tel: +44 (0) 20 7317 6629 |
|
|
|
Strand Hanson Limited (Nominated & Financial Adviser) | Ritchie Balmer James Spinney
| Tel: +44 (0)20 7409 3494 |
|
|
|
Tavira Securities Limited (Broker) | Jonathan Evans | Tel: +44 (0)20 7100 5100 |
|
|
|
St Brides Partners Ltd (Financial PR) | Ana Ribeiro Isabel de Salis | jangada@stbridespartners.co.uk |