Issue of Equity

 

22 September 2009
AIM: JLP
JSE: JBL
Registration number: 4459850
ISIN: GB0031852162

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 +44 (0) 20 7584 2155                           Tel +44 (0) 20 7562 3350 

Andrew Sarosi                                           Brian Christie/Leonard Eiser

Jubilee Platinum plc                                    Sasfin Capital

Tel +44 (0) 1752 221937                           Tel +27 (0) 11 809 7500

Matthew Robinson/Ed Frisby

FinnCap

Tel +44 (0) 20 7600 1658