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Jangada Mines PLC - London-based mining company focused in Brazil - Receives sixth and final tranche of 500,000 shares in ValOre Metals Corp. Under the agreement with ValOre, completed on August 15, 2019, Jangada sold its interests in Pedra Branca Brasil Mineracao Ltda to ValOre in a cash and shares agreement. All cash payments due to Jangada have now been received - totalling C$3 million, around $2.3 million - as well as each of the six tranches of post-completion consideration shares.
Following the receipt of the sixth tranche, Jangada holds 1.0 million ValOre shares.
Current stock price: 3.93 pence, down 3.0% on Monday
12-month change: down 45%
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