15th Feb 2021 12:08
Jangada Mines PLC - London-based natural resources company - Receives third tranche of 500,000 post-completion consideration shares from ValOre Metals Corp in relation to Jangada's disposal of the platinum group metals project held by Pedra Branca Brasil Mineracao Ltd in August 2019. Notes the second tranche of 500,00 shares was received in August 2020. All cash payments due to Jangada have been received, totalling CAD3 million, or GBP1.7 million. Says Jangada now holds 16.5 million ValOre shares, representing an 18% stake. The remaining 1.5 million ValOre shares due to Jangada are payable in six-monthly instalments of 500,000 shares each over the next 18 months.
Current stock price: 7.70 pence
Year-to-date change: up 66%
By Zoe Wickens; [email protected]
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