Jangada Mines PLC Issue of Equity (1401X)
April 25 2019 - 8:54AM
UK Regulatory
TIDMJAN
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 GBP0.0004 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: +44 (0) 20 7317
6629
Strand Hanson Limited James Spinney Tel: +44 (0)20 7409
(Nominated & Financial Ritchie Balmer 3494
Adviser) Jack Botros
Brandon Hill Capital Jonathan Evans Tel: +44 (0)20 3463
(Broker) Oliver Stansfield 5000
St Brides Partners Isabel de Salis Tel: +44 (0)20 7236
Ltd Gaby Jenner 1177
(Financial PR)
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 rns@lseg.com or visit www.rns.com.
END
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