Business
Result of GM
Jangada Mines plc (AIM: JAN) announces that all resolutions were passed at its general meeting on August 19, 2025. This follows a sale and purchase agreement with MTGOLD MINERAÇÃO LTDA ("MTgold") announced on August 11, 2025. As a result, Jangada will issue £1 million in new ordinary shares and pay £250,000 in cash to MTgold vendors. The share issuance is based on a 20-day volume-weighted average price preceding the closing date of the sale and purchase agreement. 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\n19 August 2025\nJangada Mines plc ('Jangada')\n \nResult of GM\n \nJangada Mines Plc (AIM: JAN), a natural resource development company with assets in Brazil and other jurisdictions, is pleased to announce that at the general meeting of the Company held today (and as convened by the circular posted to shareholders on 1 August 2025), all resolutions were duly passed.\n \nAccordingly, pursuant to the sale & purchase agreement (the \"SPA\") entered into with the vendors of MTGOLD MINERAÇÃO LTDA (\"MTgold\") as announced on 11 August 2025, Jangada will shortly issue to the vendors of MTgold £1 million in new Jangada Ordinary Shares (based on a 20-day VWAP preceding the SPA closing date), along with a payment of £250,000 in cash.\n \nA further announcement will be made shortly in this regard.\n \n \nENDS\n \nFor further information please visit www.jangadamines.com or contact:\n \n\n\n\n\nJangada Mines plc\n\n\nBrian McMaster (Chairman)\n\n\nTel: +44 (0)20 7317 6629\n\n\n\n\nStrand Hanson Limited\n(Nominated & Financial Adviser)\n\n\nRitchie Balmer\nJames Spinney\n\n\nTel: +44 (0)20 7409 3494\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nTavira Financi...