Issue of Equity

RNS Number : 4576Z

Jubilee Platinum PLC

22 September 2009

 

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 [phone]                           Tel [phone] 

Andrew Sarosi                                           Brian Christie/Leonard Eiser

Jubilee Platinum plc                                    Sasfin Capital

Tel [phone]                           Tel [phone]

Matthew Robinson/Ed Frisby

FinnCap

Tel [phone]

 

END

 

 

IOEBLLFLKKBXBBV