Business
Acquisition Completion, Issue of Equity and TVR
Jangada Mines plc (AIM: JAN) completed its acquisition of a 33.3% equity interest in MTGOLD Mineração LTDA, owner of the Paranaíta Gold Project in Brazil, for £1 million in new ordinary shares (based on a 20-day VWAP of 0.535 pence) and £250,000 in cash. This resulted in the issuance of 186,880,956 new ordinary shares, subject to a 12-month lock-up. The Paranaíta project comprises 7,211 hectares and has an estimated resource of approximately 210,000 ounces of gold grading 3.165 g/t Au. The consideration shares were distributed among MTgold's shareholders as follows: Future Mining S/A received 140,160,718 shares (21.9% pro forma shareholding in Jangada), Brian McMaster received 23,360,119 shares (16.6% pro forma shareholding), and Luis Azevedo received 23,360,119 shares (15.9% pro forma shareholding). Jangada holds an option to increase its stake to 50.1% for a further £500,000 in new ordinary shares. Following the acquisition, Jangada's issued share capital is 640,482,989 ordinary shares. Disclaimer*
About this update from Jangada Mines Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER TO SELL OR ACQUIRE SECURITIES IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR IN ANY OTHER JURISDICTION.\n \nTHE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS CONSIDERED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 (\"MAR\"), AND THE UK VERSION OF MAR WHICH IS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED BY THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019 (AS FURTHER AMENDED, VARIED, OR SUBSTITUTED FROM TIME TO TIME AS A MATTER OF UK LAW). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \nJangada Mines plc / EPIC: JAN.L / Market: AIM / Sector: Mining\n20 August 2025\nJangada Mines plc ('Jangada')\n \nAcquisition Completion, Issue of Equity and TVR\n \nJangada Mines Plc (AIM: JAN), a natural resource development company with assets in Brazil and other jurisdictions, is pleased to announce, further to its 19 August 2025 announcement, the completion of its acquisition of an initial 33.3% equity interest in MTGOLD MINERAÇÃO LTDA (\"MTgold\"), the owner of the highly prospective Paranaíta Gold Project (\"Paranaíta\" or the \"Project\"), located in Brazil's historically significant Alta Floresta - Juruena Gold Province. Following this acquisition Jangada has now assumed operatorship of the Project.\n \nThe 7,211-hectare Paranaíta Gold Project is a gold-rich porphyry-epithermal system with extensive historical data, artisanal mining activity, and structural similarities to nearby high-grade producing deposits. More than $2 million has been invested in exploration to date, including 1,756 metres of diamond drilling, leading to the identification of 15 high-grade gold occurrences along an 8 km east-west mineralised corridor. The Project hosts resource of approximately 210,000 ounces of gold grading 3.165 g/t Au, compliant wi...