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Jubilee Platinum Delays Platinum Australia Acquisition Again
May. 22, 2013 11:11AM PST
Resource Investing News Jubilee Platinum plc (LSE:JLP) provided an operations update, noting that it has again extended the transactional end date for its acquisition of Platinum Australia Ltd. (ASX:PLA). The end date is now July 31, 2013.
Jubilee Platinum plc (LSE:JLP) provided an operations update, noting that it has again extended the transactional end date for its acquisition of Platinum Australia Ltd. (ASX:PLA). The end date is now July 31, 2013.
Leon Coetzer, CEO of Jubilee, commented:
The directors believe that the proposed PLA acquisition continues to offer strong value accretion for Jubilee shareholders and the combined assets offer flexibility to operate PhokaThaba both as a primary mining asset as well as a significant processor of 3rd party material due to the central location of the operation. This flexibility adds great strength to the operation and offers the Company options to react to a changing platinum market.
Click here to read the full Jubilee Platinum plc (LSE:JLP) press release.
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