Jangada Mines PLC (AIM:JAN) has received the fifth tranche of 500,000 shares in ValOre Metals (TSX-V:VO), relating to the sale of its Pedra Branca platinum project in Brazil.
AIM-quoted Jangada agreed in 2019 to sell its interests in Pedra Branca to ValOre in a cash and shares deal, payable in several tranches.
All cash payments due to Jangada have been received, totalling C$3.0mln.
The final 500,000 ValOre shares with be paid in a final tranche in the next six months.
ValOre shares have grown 69.23% over the last six months, now sitting at C$0.44.
Jangada Mines was trading at 6.16p in opening deals this morning, a 5.3% rise on close yesterday.