Key Developments: Jubilee Platinum PLC (JLP.L)

JLP.L on London Stock Exchange

26 Nov 2015
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Latest Key Developments (Source: Significant Developments)

Teathers Financial Plc announces New Investment
Thursday, 28 May 2015 02:01am EDT 

Teathers Financial Plc:Says Investment of £20,000 in cash in Jubilee Platinum Plc.Says purchased 1,250,000 ordinary shares of 1p each in the issued share capital of Jubilee at a price of 1.6p per share.  Full Article

Jubilee Platinum wins Surface Processing Project
Monday, 19 Jan 2015 02:00am EST 

Jubilee Platinum PLC:Jubilee concludes heads of agreement with Hernic Ferrochrome Proprietary Limited for the beneficiation of Chrome and Platinum Group Metals from its surface tailings.Hernic targets to appoint Jubilee as the exclusive party to beneficiate the chrome and PGM's contained in its surface tailings.In addition to its PGM-containing surface tailings, Hernic also has access to at-surface secondary stocks.The HOA facilitates the processing of about 1.7 mln tonnes of chrome tailings material and Hernic identified that the tailings material could exceed 3 mln tonnes through additional drilling programs.The 1.7 mln tonnes of chrome tailings material has been fully drilled and assayed for Chrome and PGM content to produce resource statement of which about 90 pct of the resource is classified within the measured category under the internationally recognised SAMREC code.Under the HOA, Hernic and Jubilee intends to conclude Plant Engineering and Design Agreement as well as Co-operation Agreement in respect of PGM Concentrate to facilitate the construction and operation of a PGM processing plant at Hernic.Company will update shareholders on further details relating to this PGM processing project in due course.  Full Article

Jubilee Platinum PLC announces issue of shares on behalf of subsidiaries
Tuesday, 1 Jul 2014 04:00am EDT 

Jubilee Platinum PLC:Announces an issuance of shares on behalf of subsidiaries Braemore Resources Ltd , Jubilee Smelting and Refining Proprietary Ltd and Pollux Investment Holdings Proprietary Ltd.Issue in lieu of services provided in concluding Smelter commercial and operational upgrades, access agreement and progress payments for DCM Tailings project.Says total of 31,526,128 new Jubilee shares will be issued at an average price of 1.55 pence (26.94 cents Rand).Admission expected to occur on or around July 7, 2014.  Full Article

Jubilee Platinum PLC executes access agreement with ASA Metals Proprietary Limited and its subsidiary Dilokong Chrome
Monday, 9 Jun 2014 02:00am EDT 

Jubilee Platinum PLC:Executes tailings access agreement with ASA Metals Proprietary Limited and its subsidiary Dilokong Chrome Mines Proprietary Limited.Jubilee is awarded exclusive right to access PGM - bearing tailings on DCM mine area and right to construct , a dedicated chrome and PGM processing plant on mining area to process the tailings.ASA has agreed to give Jubilee access to sufficient power and water for the construction and operation of new processing plant.  Full Article

Jubilee Platinum Plc announces placing
Monday, 24 Feb 2014 02:00am EST 

Jubilee Platinum Plc:Secures a conditional placing of up to 24,857,224 new ordinary shares of 1 pence each in Jubilee at a price of 1.75 pence per share to raise about 435,000 pounds.Says proceeds will be used towards the settlement of the Senior Convertible Loan Note Instrument dated Dec. 16, 2013.Says application has been made for the placing shares to be admitted to trading on AIM and to be listed on the Altx of the JSE Limited, which is expected to take place on or about March 04.  Full Article

Jubilee Platinum Plc announces contract for power sales to national energy provider reinstated
Thursday, 20 Feb 2014 09:30am EST 

Jubilee Platinum Plc:Says that the national energy provider of South Africa has, with immediate effect, reinstated the Private Power Purchase Agreement entered into with the company's subsidiary Power Alt Pty Ltd in Dec. 2012.Says the company will commence with the supply of all surplus power capacity from its power plant with immediate effect.Says the company expects to deliver approximately 5MW of power to the grid which equates to an expected revenue of 195 000 pound (ZAR3.5 million) per month.Says the term for the reinstated PPPA is yet to be finalised due to the urgency for the immediate supply of power.Says the reinstatement of the contract is driven by the continued pressure on the supply of power to the national grid.  Full Article

Jubilee Platinum Plc announces issue of shares pursuant to convertible loan notes exercise
Friday, 14 Feb 2014 07:00am EST 

Jubilee Platinum Plc:Says it has received a notice of exercise by Darwin Strategic Limited to convert a further 450,000 Pound of Darwin's 1.85 Pound mln convertible loan notes into equity at a gross conversion price of 1.82967 pence per share.Says total of 24,594,567 new ordinary shares will be issued to Darwin pursuant to the notice.  Full Article

BRIEF-Jubilee Platinum says secured funding shortfall after placing

* Debt component progressing through final contract phase after major institutional credit committee approval

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