Jangada Mines PLC Consideration Shares Received from ValOre (9359V)
August 15 2022 - 2:00AM
UK Regulatory
TIDMJAN
RNS Number : 9359V
Jangada Mines PLC
15 August 2022
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 Ritchie Balmer Tel: +44 (0)20 7409
(Nominated & Financial James Spinney 3494
Adviser)
Tavira Securities Jonathan Evans Tel: +44 (0)20 7100
Limited 5100
(Broker)
St Brides Partners Ana Ribeiro jangada@stbridespartners.co.uk
Ltd Isabel de Salis
(Financial PR)
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END
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