Information  X 
Enter a valid email address

Jangada Mines PLC (JAN)

  Print      Mail a friend

Thursday 12 December, 2019

Jangada Mines PLC

Issue of Equity and Warrants and TVR

RNS Number : 7153W
Jangada Mines PLC
12 December 2019
 

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

 

12 December 2019

Jangada Mines plc

('Jangada' or the 'Company')

 

Issue of Equity and Warrants and TVR

 

Jangada Mines plc, a natural resources company, announces, further to its announcement on 27 September 2018, that it has issued 4,798,091 ordinary shares of £0.0004 each in the capital of the Company ("Ordinary Shares") (the "Fee Shares") in lieu of professional services provided to the Company by Consulmet Metals (Pty) Limited.

 

In addition, Consulmet Metals (Pty) Limited will be issued with one warrant for every Fee Share. Each warrant is exercisable at a price of £0.06 each, and until 15 October 2020.

 

Application will be made for the 4,798,091 Ordinary Shares to be admitted to trading on AIM, with admission expected to take place on 18 December 2019.

 

Following the Admission of the Fee Shares, there will be 242,113,144 Ordinary Shares in issue. This figure may be used by shareholders of the Company 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 under that Financial Conduct Authority's Disclosure and Transparency Guidance.

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

 

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

(Nominated & Financial Adviser)

James Spinney

Ritchie Balmer

Jack Botros

Tel: +44 (0)20 7409 3494







Brandon Hill Capital

(Broker)

Jonathan Evans

Oliver Stansfield

Tel: +44 (0)20 3463 5000




St Brides Partners Ltd

(Financial PR)

Isabel de Salis

David Penson

Tel: +44 (0)20 7236 1177

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
IOEFFWFEEFUSEIE

a d v e r t i s e m e n t