22nd Sep 2009 12:00
Date: 22 September 2009
AIM: JLP
JSE:JBL
Registration number :4459850
ISIN GB0031852169
JUBILEE PLATINUM PLC
("Jubilee" or the "Company")
Issue of Equity
Jubilee is pleased to announce the placing of 6,000,000 ordinary shares at 32.5 pence per share subject to the admission of the shares to trading on AIM and JSE Ltd which is expected to occur on 28 September 2009.
The proceeds will be used by Jubilee to fund certain of Braemore Resources Plc's ("Braemore") obligations ahead of the completion of the merger of Jubilee and Braemore, as envisaged by the Implementation Agreement, originally announced on 3 July 2009.
Following this placing the total issued share capital of the Company will be 135,007,437. The Company holds no ordinary shares in treasury. Therefore, following the placing, the total number of voting rights in the Company will be 135,007,437.
www.jubileeplatinum.com.
For further information please contact:
Colin Bird Suzanne Johnson-Walsh
/Michael Kinirons
Jubilee Platinum plc Bishopsgate Communications Ltd
Tel +44 (0) 20 7584 2155 Tel +44 (0) 20 7562 3350
Andrew Sarosi Brian Christie/Leonard Eiser
Jubilee Platinum plc Sasfin Capital
Tel +44 (0) 1752 221937 Tel +27 (0) 11 809 7500
Matthew Robinson/Ed Frisby
FinnCap
Tel +44 (0) 20 7600 1658
Related Shares:
Jubilee Metals