Issue of Equity

RNS Number : 1401X

Jangada Mines PLC

25 April 2019

 

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

25 April 2019

 Jangada Mines plc ('Jangada' or the 'Company')

Issue of Equity

Jangada Mines plc, a natural resources company developing the Pedra Branca Project, South America's largest and most advanced platinum group metals ('PGM') and nickel project, and the Ptombeiras West Vanadium Project, has agreed to issue 1,526,125 new ordinary shares of £0.0004 each in the capital of the Company ("Ordinary Shares") to a contractor in lieu of payment of cash consideration due for certain technical services provided to Jangada.

Application will be made for the 1,526,125 Ordinary Shares to be admitted to trading on AIM, with admission expected to take place on 3 May 2019.

Following the issue of the new Ordinary Shares, there will be 237,315,053 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 the 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: [phone]
Strand Hanson Limited (Nominated & Financial Adviser)	James Spinney Ritchie Balmer Jack Botros	Tel: [phone]
Brandon Hill Capital (Broker)	Jonathan Evans Oliver Stansfield	Tel: [phone]
St Brides Partners Ltd (Financial PR)	Isabel de Salis Gaby Jenner	Tel: [phone]

 

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