Jangada Mines PLC Director/PDMR Shareholding (1191Q)
October 16 2019 - 8:13AM
UK Regulatory
TIDMJAN
RNS Number : 1191Q
Jangada Mines PLC
16 October 2019
Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector:
Mining
16 October 2019
Jangada Mines plc ("Jangada" or the "Company")
Director Dealings
Jangada Mines plc, a natural resources company, announces that
Executive Chairman, Brian McMaster, and Non-Executive Director,
Luis Azevedo, have each completed the purchase yesterday of
6,000,000 ordinary shares of GBP0.0004 each in the Company
("Ordinary Shares") at a price of 1.3 pence per Ordinary Share
purchased. The purchases are reflective of the two directors' views
as to the quality of the Company's 100%-owned Pitombeiras Vanadium
Project in Brazil, where recent Metallurgical Tests demonstrated
that the magnetite hosted vanadium mineralisation responded very
well to magnetic separation, and its 26% shareholding in
TSXV-listed ValOre Metals Corp.
Following the purchase, Brian McMaster has a beneficial interest
in 53,844,467 Ordinary Shares representing 22.8 per cent of the
Company's total voting rights and Luis Azevedo has a beneficial
interest in 52,666,667 Ordinary Shares representing 22.3 per cent
of the Company's total voting rights.
The information set out below is provided in accordance with the
requirements of Article 19(3) of the EU Market Abuse Regulation No
596/2014.
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Luis Azevedo
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2. Reason for the notification
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a) Position/status: Non-Executive Director
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b) Initial notification/Amendment: Initial notification
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3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name: Jangada Mines plc
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b) LEI: 213800LTGB12E32IN691
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4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted.
-----------------------------------------------------------------------
a) Description of the financial Ordinary shares of
instrument, type of instrument: GBP0.0004 each
Identification code:
ISIN: GB00BZ11WQ61
---------------------------------------- -----------------------------
b) Nature of the transaction: Acquisition of shares
---------------------------------------- -----------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
1.3 p 6,000,000
----------
---------------------------------------- -----------------------------
d) Aggregated information: Single transaction
Aggregated volume: as in 4 c) above
Price:
---------------------------------------- -----------------------------
e) Date of the transaction: 15 October 2019
---------------------------------------- -----------------------------
f) Place of the transaction: Outside a trading
venue
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1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Brian McMaster
---------------------------------------- -----------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position/status: Executive Chairman
---------------------------------------- -----------------------------
b) Initial notification/Amendment: Initial notification
---------------------------------------- -----------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name: Jangada Mines plc
---------------------------------------- -----------------------------
b) LEI: 213800LTGB12E32IN691
---------------------------------------- -----------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted.
-----------------------------------------------------------------------
a) Description of the financial Ordinary shares of
instrument, type of instrument: GBP0.0004 each
Identification code:
ISIN: GB00BZ11WQ61
---------------------------------------- -----------------------------
b) Nature of the transaction: Acquisition of shares
---------------------------------------- -----------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
1.3 p 6,000,000
----------
---------------------------------------- -----------------------------
d) Aggregated information: Single transaction
Aggregated volume: as in 4 c) above
Price:
---------------------------------------- -----------------------------
e) Date of the transaction: 15 October 2019
---------------------------------------- -----------------------------
f) Place of the transaction: Outside a trading
venue
---------------------------------------- -----------------------------
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 1177
(Financial PR)
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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
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END
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