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BMR Group PLC (BMR)

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Monday 11 June, 2018

BMR Group PLC

Placing of shares in Jubilee Metals Group plc

RNS Number : 0351R
BMR Group PLC
11 June 2018
 

BMR Group PLC

("BMR", the "BMR Group" or the "Company")

Placing of 16,663,272 ordinary shares in Jubilee Metals Group plc completed

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

Further to its announcement dated 4 June 2018, BMR announces that 16,663,272 of its holding of 63,166,969  ordinary shares in Jubilee Metals Group plc ("Jubilee") have today been placed at 2.5 pence per share, raising gross proceeds for the Company of c.£416,000.00.

This provides the Company with the finance to pay the fee to Blue Square Minerals Limited of US$500,000 relating to work performed to date.

Following this placing, the Company continues to hold 46,503,697 ordinary shares in Jubilee.

For further information:

BMR Group PLC 020 7734 7282

Alex Borrelli, CEO and Chairman

WH Ireland Limited (NOMAD and Joint Broker)   020 7220 1666

Chris Fielding, Managing Director, Corporate Finance

Alex Bond, Executive

Peterhouse Corporate Finance (Joint Broker)   020 7469 0930

Lucy Williams

Duncan Vasey

 


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