Result of General Meeting
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.
Select text to share a quote on X · sign in to keep highlights & notes in your JAN notes
Jangada 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.
Accordingly, 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.
A further announcement will be made shortly in this regard.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.