REG - Jangada Mines PLC - Acquisition Completion, Issue of Equity and TVR

Jangada MinesAnnouncement

20/08/2025 07:00

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RNS Number : 0042W  Jangada Mines PLC  20 August 2025

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SECURITIES IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR IN ANY OTHER
JURISDICTION.

 

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS CONSIDERED BY THE
COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE
REGULATION (EU) NO. 596/2014 ("MAR"), AND THE UK VERSION OF MAR WHICH IS PART
OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS
AMENDED BY THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019 (AS FURTHER
AMENDED, VARIED, OR SUBSTITUTED FROM TIME TO TIME AS A MATTER OF UK LAW).
UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION
SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector: Mining

20 August 2025

Jangada Mines plc ('Jangada')

 

Acquisition Completion, Issue of Equity and TVR

 

Jangada Mines Plc (AIM: JAN), a natural resource development company with
assets in Brazil and other jurisdictions, is pleased to announce, further to
its 19 August 2025 announcement, the completion of its acquisition of an
initial 33.3% equity interest in MTGOLD MINERAÇÃO LTDA ("MTgold"), the owner
of the highly prospective Paranaíta Gold Project ("Paranaíta" or the
"Project"), located in Brazil's historically significant Alta Floresta -
Juruena Gold Province.  Following this acquisition Jangada has now assumed
operatorship of the Project.

 

The 7,211-hectare Paranaíta Gold Project is a gold-rich porphyry-epithermal
system with extensive historical data, artisanal mining activity, and
structural similarities to nearby high-grade producing deposits. More than $2
million has been invested in exploration to date, including 1,756 metres of
diamond drilling, leading to the identification of 15 high-grade gold
occurrences along an 8 km east-west mineralised corridor. The Project hosts
resource of approximately 210,000 ounces of gold grading 3.165 g/t Au,
compliant with Comissão Brasileira de Recursos e Reservas standards and
readily convertible and extendable to JORC classification with further work.
The next phase will target multiple open-ended gold structures to accelerate
development of the project.

 

The consideration for the acquisition of the initial 33.3% interest comprises
the equivalent of £1 million in value of new Jangada Ordinary Shares (based
on a 20-day VWAP calculated as 0.535 pence) and £250,000 in cash.
Accordingly, the Company has issued 186,880,956 new Ordinary Shares to the
vendors (with the split as set out below) (the "Consideration Shares"), which
are subject to a 12 month lock-up, save for certain limited customary
carve-outs.  Jangada also holds an option to increase its stake in MTgold to
50.1% through the issue of a further £500,000 in new Ordinary Shares, again
priced using a 20-day VWAP at the time of exercise.

 

 MTgold beneficial shareholder  % holding in MTgold  No. of Consideration Shares received  Pro forma shareholding in Jangada %
 Future Mining S/A              75.0%                140,160,718                           21.9%
 Brian McMaster                 12.5%                23,360,119                            16.6%
 Luis Azevedo                   12.5%                23,360,119                            15.9%
 Total                          100.0%               186,880,956                           54.3%

 

Paulo Misk, CEO of Jangada, commented:

 

"I am delighted to confirm the successful acquisition of 33.3% in the highly
prospective Paranaíta project. The asset benefits from substantial historical
exploration, including over 1,750m of diamond drilling, which has helped
identify an initial 210,000 ounces of gold at grades of c3.165g/t.

 

I have recently returned from site and having reviewed the data and proposed
work programme I am keen to get exploration activities underway in the near
term. A separate update will be released shortly, but with an already
identified 8km mineralised corridor, which houses 15 primary high grade gold
targets (including a drilled intersection grading over 18g/t), following our
recent capital raise of £800,000 I believe we can unlock significant value in
the short term in a highly cost-effective manner.

 

I look forward to providing an operational update in the near term during
these exciting times for Jangada."

 

Admission and Total Voting Rights:

 

The Company has applied for the admission of the Consideration Shares to
trading on AIM ("Admission"), with such Admission to become effective and that
dealings commence on 26 August 2025. Following Admission, the Company's issued
share capital will consist of 640,482,989 Ordinary Shares, each with one
voting right. As the Company does not hold any shares in treasury, this figure
may be used by shareholders as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change to their interest in, the share capital of the Company following
Admission under the FCA's Disclosure Guidance and Transparency Rules.

 

ENDS

 

For further information please visit www.jangadamines.com
(http://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 3494

 (Nominated & Financial Adviser)       James Spinney

                                       David Asquith

 Tavira Financial Limited              Jonathan Evans             Tel: +44 (0)20 7100 5100

 (Broker)

 Investor Relations                    Hugo de Salis              hugo@lepanto.co.uk

 

 

 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

 b)            Initial notification/Amendment:                               Initial notification

 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:  Ordinary shares of £0.0004 each

               Identification code:                                          ISIN: GB00BZ11WQ61
 b)            Nature of the transaction:                                    Receipt of new Ordinary Shares in lieu of acquisition consideration
 c)            Price(s) and volume(s):

Price(s)     Volume(s)
                                                                             0.535 pence  23,360,119

 
 d)            Aggregated information:                                       Single transaction as in 4 c) above

               Aggregated volume:

               Price:
 e)            Date of the transaction:                                      19 August 2025

 f)            Place of the transaction:                                     Outside a trading venue

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

 

 

e)

Date of the transaction:

19 August 2025

 

f)

Place of the transaction:

Outside a trading venue

 

 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

 b)            Initial notification/Amendment:                               Initial notification

 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:  Ordinary shares of £0.0004 each

               Identification code:                                          ISIN: GB00BZ11WQ61
 b)            Nature of the transaction:                                    Receipt of new Ordinary Shares in lieu of acquisition consideration
 c)            Price(s) and volume(s):

Price(s)     Volume(s)
                                                                             0.535 pence  23,360,119

 
 d)            Aggregated information:                                       Single transaction as in 4 c) above

               Aggregated volume:

               Price:
 e)            Date of the transaction:                                      19 August 2025

 f)            Place of the transaction:                                     Outside a trading venue

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

 

 

e)

Date of the transaction:

19 August 2025

 

f)

Place of the transaction:

Outside a trading venue

 

 

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