Consideration Shares Received from ValOre

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: [phone]
Strand Hanson Limited (Nominated & Financial Adviser)	Ritchie Balmer James Spinney	Tel: [phone]
Tavira Securities Limited (Broker)	Jonathan Evans	Tel: [phone]
St Brides Partners Ltd (Financial PR)	Ana Ribeiro Isabel de Salis	[e-mail]

 

END

 

 

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