TIDMJAN
RNS Number : 4068P
Jangada Mines PLC
17 February 2021
Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector:
Mining
17 February 2021
Jangada Mines plc ('Jangada' or the 'Company')
ValOre Announcement
Jangada Mines plc, a natural resources company, is pleased to
note the announcement released on 16 February 2021 by TSX-V listed
ValOre Metals Corp. ('ValOre'), in which Jangada holds a 18.03 per
cent interest.
The announcement has been reproduced exactly as reported below
and can be viewed in full on ValOre's website using the following
link:
http://valoremetals.com/news-media/news-releases/2021/valore-announces-upsize-of-non-brokered-private-placement-to-8-point-33-million
ValOre Announces Upsize of Non-Brokered Private Placement to
$8.33 Million
Not for distribution to United States newswire services or for
dissemination in the United States.
Vancouver, British Columbia, February 16, 2021 - ValOre Metals
Corporation. ("ValOre") (TSX-V: VO) today announced the intent to
increase the size of the previously announced non-brokered private
placement on January 29, 2021 from C$3,600,000 to C$8,330,000. The
Company will issue up to 27,766,666 units for total gross proceeds
of up to C$8,330,000 ("Private Placement").
Each unit will be issued at a price of C$0.30 and will consist
of one common share of ValOre and one half of one common share
purchase warrant (each, a "Unit"). Each whole warrant will be
exercisable to acquire one common share of ValOre at an exercise
price of C$0.45 for 24 months from the date of the closing of the
Private Placement.
The closing of the Private Placement is subject to the receipt
of all necessary regulatory approvals, including the approval of
the TSX Venture Exchange. All securities issued pursuant to the
Private Placement will be subject to a four-month hold period in
accordance with applicable Canadian securities laws. There is no
material fact or material change regarding ValOre that has not been
generally disclosed.
ValOre has agreed to pay a finder's fee by way of cash to 6% and
6% in warrants based on the aggregate Units subscribed for pursuant
to the subscriptions arranged by such finders.
About ValOre
ValOre Metals Corp. (TSX--V: VO) is a Canadian company with a
portfolio of high--quality exploration projects. ValOre's team aims
to deploy capital and knowledge on projects which benefit from
substantial prior investment by previous owners, existence of
high-value mineralization on a large scale, and the possibility of
adding tangible value through exploration, process improvement, and
innovation.
On behalf of the Board of Directors,
"Jim Paterson"
James R. Paterson, Chairman and CEO
ValOre Metals Corp.
For further information about, ValOre Metals Corp. or this news
release, please visit our website at www.valoremetals.com or
contact Investor Relations toll free at 1.888.331.2269, at
604.653.9464, or by email at contact@valoremetals.com.
ValOre Metals Corp. is a proud member of Discovery Group. For
more information please visit: discoverygroup.ca
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This news release contains "forward-looking statements" within
the meaning of applicable securities laws. Although ValOre believes
that the expectations reflected in its forward-looking statements
are reasonable, such statements have been based on factors and
assumptions concerning future events that may prove to be
inaccurate. These factors and assumptions are based upon currently
available information to ValOre. Such statements are subject to
known and unknown risks, uncertainties and other factors that could
influence actual results or events and cause actual results or
events to differ materially from those stated, anticipated or
implied in the forward-looking statements. A number of important
factors including those set forth in other public filings could
cause actual outcomes and results to differ materially from those
expressed in these forward-looking statements. Factors that could
cause the actual results to differ materially from those in
forward-looking statements include the future operations of ValOre
and economic factors. Readers are cautioned to not place undue
reliance on forward-looking statements. The statements in this
press release are made as of the date of this release and, except
as required by applicable law, ValOre does not undertake any
obligation to publicly update or to revise any of the included
forward-looking statements, whether as a result of new information,
future events or otherwise. ValOre undertakes no obligation to
comment on analyses, expectations or statements made by third
parties in respect of ValOre, or its financial or operating results
or (as applicable), their securities.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE.
ValOre Metals Corp.
Suite 1020
800 West Pender St
Vancouver, BC | V6C 2V6
contact@valoremetals.com
valoremetals.com
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014. Upon the publication of
this announcement, this inside information is now considered to be
in the public domain.
ENDS
For further information please visit www.jangadamines.com or
contact:
Jangada Mines plc Brian McMaster (Chairman) Tel: +44 (0) 20
7317 6629
Strand Hanson Limited James Spinney Tel: +44 (0)20 7409
(Nominated & Financial Ritchie Balmer 3494
Adviser) Jack Botros
Brandon Hill Capital Jonathan Evans Tel: +44 (0)20 3463
(Broker) Oliver Stansfield 5000
St Brides Partners Isabel de Salis Tel: +44 (0)20 7236
Ltd Beth Melluish 1177
(Financial PR)
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END
MSCGIGDDLDBDGBR
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