Last checked at 16 Oct 2019 14:13
Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector: Mining
16 October 2019
Jangada Mines plc ("Jangada" or the "Company")
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 £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.
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.
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.
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 Director
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b) | Initial notification/Amendment: | Initial notification
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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 £0.0004 each ISIN: GB00BZ11WQ61 | ||||
b) | Nature of the transaction: | Acquisition of shares | ||||
c) | Price(s) and volume(s): |
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d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above
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e) | Date of the transaction: | 15 October 2019
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f) | Place of the transaction: | Outside a trading venue | ||||
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
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b) | Initial notification/Amendment: | Initial notification
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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 £0.0004 each ISIN: GB00BZ11WQ61 | ||||
b) | Nature of the transaction: | Acquisition of shares | ||||
c) | Price(s) and volume(s): |
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d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above
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e) | Date of the transaction: | 15 October 2019
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f) | Place of the transaction: | Outside a trading venue | ||||
ENDS
For further information please visit www.jangadamines.com or contact:
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: +44 (0)20 3463 5000 |
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St Brides Partners Ltd (Financial PR) | Isabel de Salis
| Tel: +44 (0)20 7236 1177 |