  | |
| |
 |
|
| ||
Jubilee Posted: Wed, 06 May 2009 [miningmx.com] -- Jubilee Platinum has obtained approval from the Department of Minerals and Energy (DME) to increase its stake in the Tjate Project to 63%, the company announced on Wednesday. Jubilee increased its stake in the Tjate Project by the purchase of A Preference shares in New Plats. The consideration for this purchase was paid by the issue of 8 million Jubilee ordinary shares to New Plats and New Plats minority shareholders and was approved by the South African Reserve Bank. Jubilee gave an undertaking to the DME to provide further ordinary shares in Jubilee to New Plats shareholders, against the achievement of certain hurdles, which include certain commercial production targets.
| |||||||||
0% 
