30th Jun 2015 08:48
LONDON (Alliance News) - Jubilee Platinum PLC on Tuesday said it has completed the second phase of its deal to acquire subsidiary Pollux Investment Holdings Pty Ltd from Lipsoset Pty Ltd.
Jubilee is paying MYR4 million to acquire the company and will pay the second tranche of the consideration, which will be covered by the issue of 9.9 million Jubilee shares, issued at 2.1 pence per share. Shares in Jubilee were trading flat at 2.125 pence on Tuesday.
Pollux owns the rights to beneficiate platinum group metals from the platinum containing chrome tailings at ASA Metals Pty Ltd's DCM Platinum Project.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Jubilee Metals