REG - Jubilee Platinum PLC - Update Notice of GM and Invite to Live Webcast <Origin Href="QuoteRef">JLP.L</Origin>

Jubilee MetalsAnnouncement

25/07/2015 09:44

For best results when printing this announcement, please click on the link
below:

http://pdf.reuters.com/Regnews/regnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20150721:nRSU6259Ta


RNS Number : 6259T
Jubilee Platinum PLC
21 July 2015 
 
AIM: JLP 
 
JSE: JBL 
 
Registration number: 4459850 
 
ISIN GB0031852162 
 
21 July 2015 
 
Jubilee Platinum PLC 
 
("Jubilee" or the "Company") 
 
Update Notice of General Meeting 
 
Invite to Live Webcast 
 
Highlights 
 
·  Live Webcast hosted by Jubilee board 10am GMT, Thursday, 23 July 2015 
 
·  Jubilee set for the construction and commissioning of its two platinum
surface tailings processing projects("Tailings Projects") 
 
The Company announces that a General Meeting has been called to be held on
Friday, 07 August 2015 at the offices of Fasken Martineau LLP, 17 Hanover
Square, London,   W1S 1HU at 14:00 (GMT).  The Notice and form of proxy have
been posted to all shareholders on Monday 20 July 2015, and will also be
available on the Company's website. 
 
The Company is also pleased to announce that a LIVE webcast is arranged for
10am GMT, Thursday, 23 July 2015, which will offer shareholders the
opportunity to engage directly with the Jubilee Board.  As announced on 16
July 2015, Jubilee executed a sale and purchase agreement, subject to
shareholder approval, to dispose of 100% of the issued shares of Jubilee
Smelting and Refining Proprietary Limited, a subsidiary of Jubilee owning the
Middelburg Smelter Complex, for ZAR72.0 million (approximately GBP3.8 million)
and 70% of the issued shares in Power Alt Proprietary Limited owning the power
plant, for ZAR38.5 million (approximately GBP2.0 million) collectively
referred to as the Middelburg Operations. 
 
Following the Disposal, Jubilee will retain the right to a 5MW ConRoast
smelting facility at Middelburg and will receive significant cash to assist in
the financing of its future surface platinum tailings processing operations.
Terms for further funding, required to simultaneously execute the Tailings
Projects have been offered by a number of financial institutions.  The
Disposal is in keeping with the Company's stated mission of bringing into
production the Tailings Projects targeting a processing capacity of 80 000
tons per month of surface material. 
 
To participate, please follow the link provided: 
 
http://webcasting.brrmedia.co.uk/broadcast/139483 
 
Contacts 
 
Jubilee Platinum plc 
 
Colin Bird/Leon Coetzer 
 
Tel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913 
 
Andrew Sarosi 
 
Tel +44 (0) 1752 221937 
 
Nominated Adviser 
 
SPARK Advisory Partners Limited 
 
Sean Wyndham-Quin 
 
Mark Brady 
 
Tel: +44 (0)203 368 3555 
 
Broker 
 
Beaufort Securities Limited 
 
Jon Belliss 
 
Tel +44 (0) 20 7382 8416 
 
JSE Sponsor 
 
Sasfin Capital, a division of Sasfin Bank Limited Sharon Owens 
 
Tel +27 (0) 11 809 7500 
 
This information is provided by RNS
The company news service from the London Stock Exchange