Last checked at 11 Jun 2018 08:30
Jubilee Metals Group PLC
Registration number (4459850)
AltX share code: JBL
AIM share code: JLP
ISIN: GB0031852162
("Jubilee" or "the Company")
Placement of BMR Shares fully executed
Highlight
· Jubilee increases its institutional shareholder base by successfully completing the placement of allocated Jubilee shares held by BMR for the settlement of approved historical creditors
Jubilee is pleased to report, further to the announcement on 4 June 2018, the successful completion of a placing of existing shares held by BMR Group PLC ("BMR") to institutional shareholders. The proceeds of the shares will be used by BMR to settle all the approved historical BMR creditors.
Leon Coetzer, Chief Executive commented:
"I am very pleased to have received such overwhelming institutional support to execute the placement of the Jubilee shares previously held by BMR. The proceeds realised by the placement of these shares fully settles the approved BMR historical creditors.
This support by the institutional investors is based both on our track record of delivering successful projects as well as sharing in our vision of growing a global metals recovery company. "
United Kingdom
11 June 2018
Contacts
Jubilee Metals Group PLC
Colin Bird/Leon CoetzerTel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913Andrew SarosiTel +44 (0) 1752 221937
Nominated Adviser
SPARK Advisory Partners LimitedMark Brady/Andrew EmmottTel: +44 (0) 203 368 3555
Broker
Shard Capital Partners LLPDamon Heath/Erik WoolgarTel: +44 (0) 207 186 9900
JSE Sponsor
Sasfin Capital, (a member of the Sasfin group)
Sharon OwensTel +27 (0) 11 809 7500