Jubilee Platinum Delays Platinum Australia Acquisition Again

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.