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Jangada Mines PLC ( (GB:JAN) ) has provided an announcement.
Jangada Mines Plc has issued 4,166,666 new ordinary shares following a warrant exercise, generating gross proceeds of £41,666.67. The new shares will be admitted to trading on AIM, increasing the company’s total share capital to 644,649,655 ordinary shares. This development is part of Jangada’s strategic efforts to enhance its financial position and support its ongoing projects in Brazil, potentially impacting shareholder interests and market dynamics.
More about Jangada Mines PLC
Jangada Mines Plc is a natural resource development company listed on AIM of the London Stock Exchange, with assets in Brazil. The company is focused on advancing its Paranaíta Gold Project and the Pitombeiras vanadium titanomagnetite Project, leveraging its expertise to identify and rapidly develop additional projects. Jangada also holds a stake in Fodere, a UK minerals technology company.
Average Trading Volume: 13,478,299
Technical Sentiment Signal: Buy
Current Market Cap: £8.81M
See more insights into JAN stock on TipRanks’ Stock Analysis page.