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


Tuesday, 5 Feb 2013 08:15am 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 agreed with Platinum Australia Ltd to extend the Heads of Agreement to February 15, 2013 in order to seek to conclude the Implementation Agreement for the proposed merger of Platinum Australia Ltd and JUBILEE PLATINUM PLC. JUBILEE PLATINUM PLC announced that the extension of the Heads of Agreement results from the fact that JUBILEE PLATINUM PLC and Platinum Australia Ltd's senior creditor have agreed terms for settlement of Platinum Australia Ltd's senior debt. JUBILEE PLATINUM PLC also announced that completion of the Proposed Transaction is projected for May 2013. 

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