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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Jangada Mines Plc | LSE:JAN | London | Ordinary Share | GB00BZ11WQ61 | ORD GBP0.0004 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.40 | 1.30 | 1.50 | 1.40 | 1.40 | 1.40 | 0.00 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Miscellaneous Metal Ores,nec | 0 | -1.02M | -0.0040 | -3.50 | 3.62M |
From Jul 2019 to Jul 2024
TIDMJAN
RNS Number : 5599R
Jangada Mines PLC
09 March 2021
Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector: Mining
9 March 2021
Jangada Mines plc
Sale of 3.875 million ValOre Shares
Jangada Mines plc, a natural resources company, is pleased to announce that it has sold an additional 3.875 million of its common shares in ValOre Metals ('ValOre') at a price of CAD$0.30 per share, providing Jangada with gross proceeds of CAD$1,162,500.
The proceeds, along with the funds raised in the placing announced on 19 February 2021 and the sale of ValOre shares announced on 24 February 2021, will be used for ongoing exploration and working capital purposes at the Company's 100%-owned Pitombeiras Vanadium Project ('Pitombeiras' or the 'Project'), Ceará State, Brazil. Jangada now holds a total of 10,625,000 ValOre common shares, representing 8.9 per cent of ValOre's share capital.
Brian McMaster, Executive Chairman of Jangada, said: "We have again reinforced our treasury position as we prepare Jangada for its next phase of project development to be accelerated with the upcoming revised PEA, which will encompass the expansion and upgrade of the existing mineral resource and completion of new metallurgical tests. As announced on 1 March 2021, we have also recently strengthened of our technical team at the Project, which is a key part of our strategy and will be instrumental in unlocking Pitombeiras' value."
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. 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:
Hot Features
Premium
Jangada Mines plc Brian McMaster (Chairman) Tel: +44 (0) 20 7317
6629
Strand Hanson Limited James Spinney Tel: +44 (0)20 7409
(Nominated & Financial Ritchie Balmer 3494
Adviser) Jack Botros
Brandon Hill Capital Jonathan Evans Tel: +44 (0)20 3463
(Broker) Oliver Stansfield 5000
St Brides Partners Isabel de Salis Tel: +44 (0)20 7236
Ltd Beth Melluish 1177
(Financial PR)
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END
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(END) Dow Jones Newswires
March 09, 2021 02:00 ET (07:00 GMT)
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