Issue of shares

RNS Number : 7302V

Jubilee Platinum PLC

15 July 2009

 



Jubilee Platinum PLC  

15 July 2009

AIM: JLP

JSE: JBL

Registration number: 4459850

ISIN GB0031852169

JUBILEE PLATINUM PLC 

('Jubilee' or 'the company') 

Issue of shares

Application has been made to the London Stock Exchange and the JSE Limited ('JSE') for 1,775,000 new ordinary shares of 1p each in Jubilee to be issued and listed on the JSE and admitted to trading on AIM on16 July 2009.

The new shares have been allotted and issued as part of a private placement for cash at a price of ZAR4.70 per share on 16 July 2009. The funds raised will be used to cover transaction costs and intermediary working capital requirements relating to the proposed Braemore Resources Plc acquisition. The new shares will rank pari passu in all respects with the existing ordinary shares of the Company.

Following admission to trading of the above new shares, the total of Jubilee ordinary shares of 1p each in issue will be 120,149,269.

For further information please contact: 

Colin Bird                                            Suzanne Johnson-Walsh /Michael Kinirons 

Jubilee Platinum plc                             Bishopsgate Communications Ltd 

Tel [phone]                   Tel [phone] 

Andrew Sarosi                                   Brian Christie/Leonard Eiser

Jubilee Platinum plc                            Sasfin Capital

Tel [phone]                   Tel [phone]

Matthew Robinson/Rose Herbert

FinnCap

Tel [phone]

 

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