REG - Jangada Mines PLC - Consideration Shares Received from ValOre

Jangada MinesAnnouncement

15/08/2022 07:00

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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
(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

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

 (Broker)

 St Brides Partners Ltd                Ana Ribeiro                jangada@stbridespartners.co.uk

 (Financial PR)                        Isabel de Salis

 

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