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Jubilee Platinum CEO focused on delivery after securing funding

The chief executive of Jubilee Platinum (LON:JLP), Leon Coetzer, says the firm is focused on bringing its two platinum surface projects into operation after securing funding.

Today the firm said it had raised £2.4mln in a share placing and the money, together £12.9mln of debt funding, will provide the necessary means for the design, construction, commissioning and working capital during the ramp-up phase of the South African projects.

Quick facts: Jubilee Metals Group

Price: 2.3 GBX

AIM:JLP
Market: AIM
Market Cap: £46.4 m
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Jubilee Metals sees 'tremendous opportunity' in Zambia as it reports...

Jubilee Metals PLC's (LON:JLP) chief executive Leon Coetzer skyped into the Proactive London studio to update on operations and how recent movements in commodity prices have been impacting them. Jubilee recently posted a 74% increase in combined second-half revenue to £25mln when set against...

on 27/2/20

2 min read