TIDMJLP

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    Subscription     Expiry 
  warrants        price 
                  GBPs 
-----------  -------------  ----------- 
 
  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

(END) Dow Jones Newswires

February 06, 2017 09:45 ET (14:45 GMT)

Jubilee Metals (LSE:JLP)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Jubilee Metals Charts.
Jubilee Metals (LSE:JLP)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Jubilee Metals Charts.