Jubilee Platinum Says Requirements for the Acquisition of PLA Completed

Mining Weekly reported that Jubilee Platinum has already completed the implementation deed and supporting documents needed for the purchase of Platinum Australia.

As quoted in the market news:

The share-based transaction would see Jubilee acquiring all listed ordinary shares in mining exploration company PLA through offering existing shareholders one Jubilee share for every 2.6 PLA shares held.

The transaction would combine complementary assets and would create a unique platinum-group metals producer with a 63% shareholding in the Tjate project – one of the largest undeveloped platinum resources in South Africa.

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