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Jangada Mines PLC ( (GB:JAN) ) has issued an update.
Jangada Mines Plc announced the exercise of warrants resulting in the issuance of 21,333,333 new ordinary shares, generating gross proceeds of £213,333.33. This development increases the company’s total share capital to 699,316,320 ordinary shares, enhancing its financial position and potentially impacting shareholder interests. The new shares are set to commence trading on AIM, reflecting the company’s strategic financial maneuvers to support its ongoing projects in Brazil.
More about Jangada Mines PLC
Jangada Mines Plc is a natural resource development company listed on the AIM of the London Stock Exchange, focusing on assets in Brazil. The company is advancing its Paranaíta Gold Project, a gold-rich porphyry-epithermal system, and the 100%-owned Pitombeiras vanadium titanomagnetite Project. Jangada aims to leverage its expertise to identify and acquire additional projects to build shareholder value.
Average Trading Volume: 13,201,960
Technical Sentiment Signal: Buy
Current Market Cap: £11.53M
See more data about JAN stock on TipRanks’ Stock Analysis page.