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JUBILEE PLATINUM PLC - Issue of shares for cash

Release Date: 30/05/2013 12:00
Code(s): JBL     PDF:  
Wrap Text
Issue of shares for cash

Jubilee Platinum plc
(Registration number 4459850)
JSE share code: JBL
AIM share code: JLP
ISIN: GB0031852162
(“Jubilee”) or (“the Company”)


Not for release, publication or distribution in whole or in
part in, into or from any jurisdiction where to do so would
constitute a violation of the relevant laws or regulations of
such jurisdiction.

Issue of shares for cash

Jubilee, the AIM and JSE Limited (“JSE”) quoted Mine-to-Metals
specialist, is pleased to announce a conditional placing of
8,034,954 new ordinary shares of 1 pence each in the Company
at a price of 6.58 pence per share to raise GBP 0.529 million.
The proceeds from the issue of the Placing Shares will be
used, together with existing cash resources, primarily to fast
track the Company’s current projects, of which the immediate
focus is to commence processing of the platinum containing
Dilokong Chrome Mine tailings.

The Company will also be issuing 803,495 new ordinary shares
of 1 pence each in the Company at a price of 6.58 pence per
share towards settling of creditors in connection with the
placing and to preserve the Company’s cash balance for the
conclusion of the acquisition of Platinum Australia Limited.
The Company’s cash resources will be further bolstered by the
inflow of funds from the disposal of the non-core ferroalloy
smelting operation.
The Company’s total issued shares will be 355,143,024 after
the issuance of both the abovementioned Shares.

The Placing Shares have been purchased by YA Global Master SPV
Ltd., subject to the listing of the Placing Shares on the JSE
and the admission of the Placing Shares to trading on AIM
market of the London Stock Exchange.

All the above mentioned Shares will rank pari passu with the
existing shares in issue of Jubilee.




Contacts


Jubilee Platinum plc
Colin Bird/Leon Coetzer
Tel +44 (0) 20 7584 2155 / Tel +27 (0)11 465 1913
Andrew Sarosi
Tel +44 (0) 1752 221937


JSE Sponsor
Sasfin Capital, a division of Sasfin Bank Limited
Angela Teeling-Smith/Sharon Owens
Tel +27 (0) 11 809 7500


NOMAD
finnCap Ltd
Matthew Robinson/Ben Thompson – corporate finance
Joanna Weaving – corporate broking
Tel +44 (0) 20 7220 0500
Shore Capital Stockbrokers Limited (Joint Broker)
Jerry Keen/Edward Mansfield
Tel: +44 (0) 20 7 408 4090


Bishopsgate Communications Ltd
Nick Rome/Anna Michniewicz/Ivana Petkova
Tel +44 (0) 20 7562 335


Johannesburg
30 May 2013


Sponsor 
Sasfin Capital, a division of Sasfin Bank Limited 

Date: 30/05/2013 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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