ValOre Announcement

RNS Number : 5767P

Jangada Mines PLC

18 February 2021

 

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

18 February 2021

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

ValOre Announcement

Jangada Mines plc, a natural resources company, is pleased to note the announcement released on 17 February 2021 by TSX-V listed ValOre Metals Corp. ('ValOre').

The announcement has been reproduced exactly as reported below and can be viewed in full on ValOre's website using the following link:   http://valoremetals.com/news-media/news-releases/2021/valore-closes-833-million-private-placement

ValOre Closes $8.33 Million Private Placement

Not for distribution to United States newswire services or for dissemination in the United States.

Vancouver, British Columbia, February 17, 2021 - ValOre Metals Corporation ("ValOre") (TSX-V: VO) today announced the closing of the previously disclosed Private Placement (see ValOre news releases dated January 29, 2021 and February 16, 2021). ValOre issued 27,758,334 Units at a price of $0.30 per unit for gross proceeds of $8,327,500.20. Each Unit consists of one common share ("Share") and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will be exercisable into one Share for C$0.45 per Share for a period of two years expiring February 17, 2023.

All securities issued under this placement are subject to TSXV and securities regulatory legends expiring on June 18, 2021.

Finders' fees of $278,249.42 and 927,498 Warrants were issued to various finders under the Placement.  The finders warrants have the same terms and conditions as the Warrants issued to the subscribers under the Placement.

About ValOre

ValOre Metals Corp. (TSX‐V: VO) is a Canadian company with a portfolio of high‐quality exploration projects. ValOre's team aims to deploy capital and knowledge on projects which benefit from substantial prior investment by previous owners, existence of high-value mineralization on a large scale, and the possibility of adding tangible value through exploration, process improvement, and innovation.

On behalf of the Board of Directors,

"Jim Paterson"

James R. Paterson, Chairman and CEO

ValOre Metals Corp.

For further information about, ValOre Metals Corp. or this news release, please visit our website at www.valoremetals.com or contact Investor Relations toll free at 1.888.331.2269, at 604.653.9464, or by email at [e-mail].

ValOre Metals Corp. is a proud member of Discovery Group. For more information please visit: discoverygroup.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

This news release contains "forward-looking statements" within the meaning of applicable securities laws. Although ValOre believes that the expectations reflected in its forward-looking statements are reasonable, such statements have been based on factors and assumptions concerning future events that may prove to be inaccurate. These factors and assumptions are based upon currently available information to ValOre. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. A number of important factors including those set forth in other public filings could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the future operations of ValOre and economic factors. Readers are cautioned to not place undue reliance on forward-looking statements. The statements in this press release are made as of the date of this release and, except as required by applicable law, ValOre does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. ValOre undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of ValOre, or its financial or operating results or (as applicable), their securities.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.  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)	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 Beth Melluish	Tel: [phone]

 

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