Jangada Mines PLC (AIM:JAN, FRA:JMU) (AIM:JAN) received the fourth tranche of 500,000 shares in TSX-V listed ValOre Metals (TSX-V:VO) Corp 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 (£1.7mln), and Jangada now holds a 1.3% interest in ValOre.
The remaining 1.0mln ValOre shares due to Jangada are payable in six-monthly instalments of 500,000 shares each over the next 12 months.