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JUBILEE PLATINUM PLC Announces Further Updates On Proposed Merger Transaction With Platinum Australia Ltd


Tuesday, 29 Jan 2013 07:00am EST 

JUBILEE PLATINUM PLC announced that with reference to the proposed business combination or merger (the Proposed Transaction) with Platinum Australia Ltd by way of a proposed Scheme of Arrangement, JUBILEE PLATINUM PLC has secured and concluded indicative project financing in total, from financial institutions to reinstate operations at the near surface Phokothaba Mine, which has been placed under care and maintenance by Platinum Australia Ltd. Consequently,JUBILEE PLATINUM PLC announced that the Parties have agreed to extend the binding and exclusive terms of the Heads of Agreement to February 4, 2013 to conclude the Implementation Agreement to execute the proposed merger of Platinum Australia Ltd. 

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