TIDMJAN

RNS Number : 7153W

Jangada Mines PLC

12 December 2019

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

12 December 2019

Jangada Mines plc

('Jangada' or the 'Company')

Issue of Equity and Warrants and TVR

Jangada Mines plc, a natural resources company, announces, further to its announcement on 27 September 2018, that it has issued 4,798,091 ordinary shares of GBP0.0004 each in the capital of the Company ("Ordinary Shares") (the "Fee Shares") in lieu of professional services provided to the Company by Consulmet Metals (Pty) Limited.

In addition, Consulmet Metals (Pty) Limited will be issued with one warrant for every Fee Share. Each warrant is exercisable at a price of GBP0.06 each, and until 15 October 2020.

Application will be made for the 4,798,091 Ordinary Shares to be admitted to trading on AIM, with admission expected to take place on 18 December 2019.

Following the Admission of the Fee Shares, there will be 242,113,144 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 that 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                       David Penson                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

IOEFFWFEEFUSEIE

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December 12, 2019 07:59 ET (12:59 GMT)

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