7th Mar 2022 12:31
Jubilee Metals Group PLC - London-based metals processing company - Settles all historical debt. Receives notice from ACAM LP to convert USD7.8 million of notes into new shares. Debt converted to 209.4 million shares, roughly a 7.9% stake in Jubilee, at conversion price of 2.81 pence per share. The deal "eliminates Zambian and South African historical debt completely", company says.
Current stock price in London: 16.45 pence, up 5.5%
12-month change: up 3.8%
Current stock price in Johannesburg: ZAR3.30, up 1.9%
12-month change: down 2.9%
By Eric Cunha; [email protected]
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