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16 Oct 2019 14:13
Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector: Mining
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16 October 2019
Jangada Mines plc ("Jangada" or the "Company")
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Director Dealings
Jangada Mines plc, a natural resources company, announces that Executive Chairman, Brian McMaster, and Non-Executive Director, Luis Azevedo, have each completed the purchase yesterday of 6,000,000 ordinary shares of Β£0.0004 each in the Company ("Ordinary Shares") at a price of 1.3 pence per Ordinary Share purchased. The purchases are reflective of the two directors' views as to the quality of the Company's 100%-owned Pitombeiras Vanadium Project in Brazil, where recent Metallurgical Tests demonstrated that the magnetite hosted vanadium mineralisation responded very well to magnetic separation, and its 26% shareholding in TSXV-listed ValOre Metals Corp.
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Following the purchase, Brian McMaster has a beneficial interest in 53,844,467 Ordinary Shares representing 22.8 per cent of the Company's total voting rights and Luis Azevedo has a beneficial interest in 52,666,667 Ordinary Shares representing 22.3 per cent of the Company's total voting rights.
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The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
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1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Luis Azevedo | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Non-Executive DirectorΒ Β | ||||
b) | Initial notification/Amendment: | Initial notification Β | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | Jangada Mines plc | ||||
b) | LEI: | 213800LTGB12E32IN691 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted. | |||||
a) | Description of the financial instrument, type of instrument: Identification code: | Ordinary shares of Β£0.0004 each ISIN:Β GB00BZ11WQ61 | ||||
b) | Nature of the transaction: | Acquisition of sharesΒ | ||||
c) | Price(s) and volume(s): | Β
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d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above Β Β | ||||
e) | Date of the transaction: | 15 October 2019 Β | ||||
f) | Place of the transaction: | Outside a trading venue | ||||
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1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Brian McMaster | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Executive Chairman Β | ||||
b) | Initial notification/Amendment: | Initial notification Β | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | Jangada Mines plc | ||||
b) | LEI: | 213800LTGB12E32IN691 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted. | |||||
a) | Description of the financial instrument, type of instrument: Identification code: | Ordinary shares of Β£0.0004 each ISIN:Β GB00BZ11WQ61 | ||||
b) | Nature of the transaction: | Acquisition of sharesΒ | ||||
c) | Price(s) and volume(s): | Β
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d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above Β Β | ||||
e) | Date of the transaction: | 15 October 2019 Β | ||||
f) | Place of the transaction: | Outside a trading venue | ||||
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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) | James Spinney Ritchie Balmer Jack Botros | Tel: +44 (0)20 7409 3494 |
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Brandon Hill Capital (Broker) | Jonathan Evans Oliver Stansfield | Tel:Β +44 (0)20 3463 5000 |
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St Brides Partners Ltd (Financial PR) | Isabel de Salis Β | Tel: +44 (0)20 7236 1177 |
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