Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Jangada Mines PLC ( (GB:JAN) ) has issued an announcement.
Jangada Mines PLC has announced the posting of a circular and notice of a General Meeting to seek shareholder approval for the allotment of additional shares and securities. This follows the company’s recent signing of a non-binding agreement to potentially acquire a significant stake in MTGOLD Mineração Ltda, which owns the Paranaíta Gold Project in Brazil. To fund this acquisition and other operations, Jangada raised £800,000 through a share placing. The company is seeking elevated authority to issue shares to facilitate the acquisition and provide flexibility for future share issuance.
More about Jangada Mines PLC
Jangada Mines PLC is a natural resources development company with assets primarily located in Brazil and other jurisdictions. The company operates in the mining sector and is listed on the AIM market, focusing on the development and acquisition of mineral resources.
Average Trading Volume: 879,710
Technical Sentiment Signal: Strong Sell
Current Market Cap: £2.38M
For an in-depth examination of JAN stock, go to TipRanks’ Overview page.