Withdrawal of Cautionary Announcement

RNS Number : 6663I

Jubilee Platinum PLC

17 June 2011

 



17 June 2011

AIM: JLP

JSE: JBL

Registration number: 4459850

ISIN: GB0031852162

JUBILEE PLATINUM PLC

("Jubilee" or "the Company")

SHAREHOLDER UPDATE AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT

Further to the announcement dated 20 May 2011, in which Jubilee advised that it had received an approach and held discussions regarding the making of a possible offer for the Company, Jubilee advises that due to current market conditions both parties have ended talks regarding a merger of the two entities.  However, discussions continue with regards to the formation of strategic joint ventures for the co-funding of Jubilee's short and medium term business plan whilst ensuring that Jubilee retains its exclusive processing rights to the ConRoast process. 

Shareholders are referred to the cautionary announcement published on 20 May 2011 and are advised that as the subject matter of the cautionary announcement has ended the said cautionary announcement is withdrawn.

For further information please contact:

Colin Bird/Leon Coetzer/Andrew Sarosi

Jubilee Platinum plc

Tel [phone] / Tel [phone]

Matthew Robinson/Ed Frisby/Ben Thompson - Corporate Finance

finnCap Ltd

Tel [phone]

Michael Kinirons/Nick Rome

Bishopsgate Communications Ltd

Tel [phone]

Johannesburg

Sponsor

Sasfin Capital

(A division of Sasfin Bank Ltd)

 

END

 

 

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