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Jangada Mines PLC ( (GB:JAN) ) has shared an update.
Jangada Mines Plc announced the issuance of 16,666,666 new ordinary shares following a warrant exercise, generating gross proceeds of £166,666.66. The new shares will be admitted to trading on AIM, increasing the company’s total issued share capital to 661,316,321 ordinary shares. This development reflects Jangada’s ongoing efforts to strengthen its financial position and enhance its operational capabilities, potentially impacting its market presence and stakeholder interests.
More about Jangada Mines PLC
Jangada Mines Plc is a natural resource development company listed on the AIM of the London Stock Exchange. The company focuses on projects in Brazil, including the Paranaíta Gold Project and the Pitombeiras vanadium titanomagnetite Project. Jangada aims to advance its portfolio projects and acquire additional ones to build shareholder value. The Paranaíta Gold Project is a gold-rich porphyry-epithermal system with potential for a large-scale gold deposit, while the Pitombeiras project has demonstrated potential for profitable vanadium titanomagnetite production.
Average Trading Volume: 13,934,090
Technical Sentiment Signal: Buy
Current Market Cap: £10.89M
For a thorough assessment of JAN stock, go to TipRanks’ Stock Analysis page.