Completion of Fundraise and PDMR Dealing
Jangada Mines completed £1.2m fundraise with shares admitting to trading today.
- Fundraise amount £1.2 million
- Executive Chairman subscription 7,142,857 shares at 1.4 pence
- Brian McMaster holding post-transaction 113,247,443 shares (14.16% of issued share capital)
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Jangada Mines Plc (AIM: JAN), a Brazil focused natural resource development company, is pleased to confirm, further to its announcement of 11 February 2026, the completion of the fundraising for £1.2 million, with the associated share issues admitting to trading today.
The proceeds will be used to fund drilling, geophysical and geological studies at the Molly Gold Project, further exploration at the Paranaíta Gold Project and for working capital purposes.
As also announced on 11 February 2026, Executive Chairman Brian McMaster subscribed directly with the Company for a further 7,142,857 Fundraise Shares, representing c. 8% of the Fundraising. Following this transaction, Brian is interested in 113,247,443 Ordinary Shares representing 14.16% of the issued share capital of the Company.
| a) | Name: | Brian McMaster | ||||
| 2. | Reason for the notification | |||||
| a) | Position/status: | Executive Chairman | ||||
| b) | Initial notification/Amendment: | Initial notification | ||||
| a) | Name: | Jangada Mines plc | ||||
| b) | LEI: | 213800LTGB12E32IN691 | ||||
| a) | Description of the financial instrument, type of instrument: Identification code: | Ordinary shares of £0.0004 each ISIN: GB00BZ11WQ61 | ||||
| b) | Nature of the transaction: | Subscription of new ordinary shares | ||||
| c) | Price(s) and volume(s): |
| ||||
| d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above | ||||
| e) | Date of the transaction: | 17 February 2026 | ||||
| f) | Place of the transaction: | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.