Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Jubilee Platinum PLC RNS Release

Hernic Project in Production

RNS Number : 1398W
Jubilee Platinum PLC
06 February 2017
 

Registration number (4459850)

AltX share code: JBL

AIM share code: JLP

ISIN: GB0031852162

6 February 2017

 

Jubilee Platinum PLC

("Jubilee" or "Company")

 

Hernic Project in Production and

Clarification Notice on Outstanding Warrants

 

Highlights

·    First chromite concentrate being produced after the successful tie-in of the Chromite Recovery Plant into the Hernic operational stream. 

·    Focus now shifts onto the commissioning of the PGM Recovery Plant which is the natural succession of the Chromite Recovery Plant Tailings. The Chromite Recovery Plant forms the feed to the Platinum Group Metals ("PGMs") Recovery Plant.

 

 

Leon Coetzer says:

"I am very pleased that we have achieved the chromite production milestone and we are now busy implementing the commissioning phase of the platinum recovery plant."

Mine-to-Metals specialist Jubilee Platinum plc (AIM: JLP, AltX: JBL) further wishes to clarify the exercise price and number of outstanding warrants in Jubilee as announced on 3 February 2017.

The inclusion of the warrants priced at 2.0 and 2.5 British pence is as a result of a negotiated settlement agreement against historically issued warrants. 

The outstanding warrants in Jubilee are therefore as follows:

Number of warrants

Subscription price

£s

Expiry

 

 

 

625,000

0.02000

31/03/2017

500,000

0.02500

31/03/2017

5,450,000

0.03160

12/08/2018

3,591,742

0.04750

12/08/2018

18,244,825

0.04725

23/03/2019

 

 

Contacts

Jubilee Platinum plc

Colin Bird/Leon Coetzer
Tel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913
Andrew Sarosi
Tel +44 (0)1752 221937

JSE Sponsor

Sasfin Capital, a division of Sasfin Bank Limited
Sharon Owens
Tel +27 (0)11 809 7500

Nominated Adviser

SPARK Advisory Partners Limited
Sean Wyndham-Quin/Mark Brady
Tel: +44 (0)203 368 3555

Broker

Beaufort Securities Limited
Jon Belliss
Tel: +44 (0) 20 7382 8300


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUGUCPPUPMGCQ



Jubilee Platinum PLC Timeline

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use