Placement of BMR Shares fully executed

RNS Number : 9373Q

Jubilee Metals Group PLC

11 June 2018

 

Jubilee Metals Group PLC

Registration number (4459850)

AltX share code: JBL

AIM share code: JLP

ISIN: GB0031852162

("Jubilee" or "the Company")

Placement of BMR Shares fully executed

Highlight

·    Jubilee increases its institutional shareholder base by successfully completing the placement of allocated Jubilee shares held by BMR for the settlement of approved historical creditors

Jubilee is pleased to report, further to the announcement on 4 June 2018, the successful completion of a placing of existing shares held by BMR Group PLC ("BMR") to institutional shareholders. The proceeds of the shares will be used by BMR to settle all the approved historical BMR creditors. 

Leon Coetzer, Chief Executive commented:   

"I am very pleased to have received such overwhelming institutional support to execute the placement of the Jubilee shares previously held by BMR.  The proceeds realised by the placement of these shares fully settles the approved BMR historical creditors.

This support by the institutional investors is based both on our track record of delivering successful projects as well as sharing in our vision of growing a global metals recovery company. "

United Kingdom

11 June 2018

Contacts

Jubilee Metals Group PLC

Colin Bird/Leon Coetzer
Tel [phone] / Tel [phone]
Andrew Sarosi
Tel [phone]

Nominated Adviser

SPARK Advisory Partners Limited
Mark Brady/Andrew Emmott
Tel: [phone]

Broker

Shard Capital Partners LLP
Damon Heath/Erik Woolgar
Tel: [phone]

JSE Sponsor

Sasfin Capital, (a member of the Sasfin group)

Sharon Owens
Tel [phone]

 

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