Any holders out there - there's some buying going on.....

StockMarketWire.com
Jubilee Platinum subsidiary Power Alt (Pty) has achieved its targeted sales of 5.1MW of generated power into the South African national electricity grid under the power purchase agreement.

In addition, the PPA's contracted power value has been increased to ZAR50.1m per year and an option has been granted to Power Alt to increase the generated power for sale to 10MW, which has the potential to increase the CPV to ZAR98m.

Issue of Equity
Jubilee, the AIM and JSE Limited ("JSE") quoted mine-to-metal specialist, announced on 10 January 2013 the issue of 15,757,576 Ordinary Shares under a SEDA Advance. It is expected that these shares will be admitted to trading on AIM and the JSE on 17 January at 8am United Kingdom time and 10am South African time respectively.

Jubilee is also issuing 538,084 ordinary shares of 1 pence each in lieu of cash for corporate advisory fees. It is expected that these shares will be admitted to trading on AIM and the JSE on 18 January at 8am United Kingdom time and 10am South African time respectively.

On 18 January 2013, following both of the above share issues, the total issued share capital of the Company will be 337,430,390. The Company holds no ordinary shares in treasury.

Therefore, following the issue of equity, the total number of voting rights in the Company will be 337,430,390.

Update Relating to the Proposed Transaction by Jubilee Platinum Plc ("Jubilee") with Platinum Australia Ltd ("PLA") and renewal of Cautionary Announcement

INTRODUCTION:
Jubilee is pleased to announce that, further to the cautionary announcement on 14 December 2012 regarding a proposed business combination or merger ("the Proposed Transaction") with Platinum Australia Ltd by way of a proposed Scheme of Arrangement ("Scheme"), the Parties have agreed to extend the binding and exclusive terms of the Heads of Agreement to 28 January 2013 ("Extension Period"). Under the Proposed Transaction, Jubilee will secure the terms of a funding package to reinstate operations at the near surface Phokothaba Mine, currently placed under care and maintenance by Platinum Australia. Jubilee has secured indicative terms sheets for the project financing structure from financial institutions and will work towards concluding the funding structure within the Extension Period.

Leon Coetzer, Chief Executive Officer of Jubilee, said: "We are pleased with the progress made towards effecting the Proposed Transaction with Platinum Australia. The targeted enlarged group would include the combination of shallow and at-surface mining and exploration assets together with a fully operable shallow mining operation and smelters, underpinned by the very large Tjate mining exploration asset."

RENEWAL OF CAUTIONARY

As the Proposed Transaction is still in negotiation stages, shareholders are advised to continue to exercise caution when dealing in their securities until a further detailed announcement is made.

Harry - I hold these and AQP having bought here yesterday.

Me too, but from a while back, is it worth a small average down skinny??.,.

BB - who knows?

I bought based on the price of platinum and the chart.

I think the rumour mill is on overtime today.

if the rumour fades........ for god sake start another.,.

sharp sp rise without positive news = MM manipulation, lot of it going on with small caps at the moment, recent rise and fall in BPC sp is an example.

Oh well - +14.5% on the day - better than a poke in the eye with a sharp stick.

Issue of Equity
Jubilee Platinum, the AIM and JSE Limited ("JSE") quoted mine-to-metal specialist, wishes to advise that it has made application to AIM and the JSE for the listing of the following shares:

6,187,765 shares as consideration for the purchase of further shares in Jubilee subsidiary Power Alt (Pty) Ltd ("Power Alt"). As a result Jubilee's holding in Power Alt will increase by 9.5% to 68.1%

907,276 shares as consideration for the purchase of a further 5% interest in Jubilee subsidiary Pollux Investment Holdings (Pty) Ltd ("Pollux"). As a result Jubilee will own 67.5% of Pollux; and 584,689 shares to Majestic Filtration Solutions (Pty) Ltd as vendor consideration.

It is expected that the above issue of 7,679,730 ordinary shares of 1 pence each will be admitted to trading on AIM and the JSE on 28 January at 8am GMT and 10am SAST respectively.

Following the above shares issue, the total issued share capital of the Company will be 345,110,121. The Company holds no ordinary shares in treasury. Therefore, following the issue of equity, the total number of voting rights in the Company will be 345,110,121.

StockMarketWire.com
Jubilee Platinum (LON:JLP), the AIM and JSE Limited quoted mine-to-metal specialist, is pleased to announce that, further to prior cautionary announcement of 16 January 2013, the Company has secured and concluded indicative project financing in total, from financial institutions to reinstate operations at the near surface Phokothaba Mine, which has currently been placed under care and maintenance by PLA.

Consequently, the Company and PLA have agreed to extend the Heads of Agreement to 04 February 2013, to conclude the Implementation Agreement to execute the proposed merger of PLA. The Company will provide further details on the Proposed Transaction on conclusion of the Implementation Agreement.

Leon Coetzer, Chief Executive Officer of Jubilee, said: "We are pleased with the Company's progress towards securing funding for the reinstatement of the Phokothaba Mine and we are moving aggressively towards concluding the Proposed Transaction. The enlarged group would include the combination of shallow and at-surface mining, a fully operable shallow mining operation and smelters and exploration assets underpinned by the very large Tjate mining exploration asset, making the enlarged group a significant low cost player in the platinum industry."

Tempted to take the profit here.

StockMarketWire.com
Jubilee Platinum and Platinum Australia Ltd have extended the heads of terms agreement for their proposed merger to 15 February.

Jubilee Platinum said this follows an agreement between PLA and its senior creditor over settlement of PLA's debt.

Jubilee says the due diligence investigations are largely complete, and the binding implementation agreement is in the final stages of negotiation, pending completion of accounts for finalising the merger ratios.

On the current timetable, completion of the proposed transaction is projected for May.

StockMarketWire.com
Jubilee Platinum, the AIM and JSE quoted mine-to-metal specialist, has announced that it still expects its planned merger with Platinum Australia (PLA) to be completed by the middle of May.

The company says that all the transactional documents have been finalised apart from the PLA creditors' compromise arrangements which are expected to be concluded by the end of the week.

Transactional Agreements to acquire PLA

HIGHLIGHTS

· The Transaction is a share based transaction whereby Jubilee acquires all of the listed ordinary shares in PLA by offering to current shareholders in PLA one Jubilee share for every 2.593 PLA shares held ("Enlarged Group").

· The Enlarged Group will result in a significant South African platinum group metals producer supported by strong prospects for expansion through the development of its near surface resources.

· Jubilee is able to accelerate its Mine to Metals strategy through the Transaction which would include a fully operational platinum mine and processing plant together with Jubilee's operational smelting operation.

· Jubilee's Mines to Metal strategy will be brought forward, directors believe, by some 18 months and the resultant earlier cash flow will position the Company well to secure further opportunities in the near-term.

· The input of Dilokong Chrome Mine tailings will enable the Smokey Hills Platinum Mine ("Smokey Hills") to be brought back into production at a more modest output rate than previously designed thus extending mine life and ensuring that mine production targets are more achievable.

· The Enlarged Group would have exclusive right to the ConRoast smelting process ("ConRoast"), enhancing earnings from its own production and giving access to third party earnings by entering into agreements to utilise ConRoast.

· The Enlarged Group has a mission to access platinum-bearing tailings, open up near-surface platinum-bearing chrome deposits and develop smaller less capital intensive mining operations.

· The Enlarged Group will have a 63% shareholding in the Tjate project which is amongst the largest undeveloped platinum resources in South Africa.

Issue of Equity

Further to the announcement on 27 September 2012, Jubilee, the AIM and JSE Limited ("JSE") quoted mine-to-metal specialist, is issuing 1,194,455 Shares as the third and final tranche of consideration for the purchase of further shares in Jubilee subsidiary Power Alt (Pty) Ltd ("Power Alt"). As a result, Jubilee's holding in Power Alt will increase by 1.9% to 70% and completes its acquisition goal for Power Alt, thereby enabling the Company to pursue its strategy to maximise Jubilee's exposure to the growing demand for the sale of private energy to the South African electricity public utility.

The Company expects that 1,194,455 ordinary shares of 1 pence each will be admitted to trading on AIM and the JSE on 28 February at 8am United Kingdom time and 10am South African time respectively.

Following the above share issue, the total issued share capital of the Company will be 346,304,576. The Company holds no ordinary shares in treasury. Therefore, following the issue of equity, the total number of voting rights in the Company will be 346,304,576.

TEMPORARY SUSPENSION OF TRADING ON AIM

JUBILEE PLATINUM PLC

Trading on AIM for the under-mentioned securities has been temporarily suspended from 28/03/2013 3:30pm, pending an announcement.

JUBILEE PLATINUM PLC

The trading on AIM for the under-mentioned securities was temporarily suspended. The suspension is lifted from 02/04/2013 07:30am, an announcement having been made.

BFN

Andrew Sarosi, Executive Director, bought 64,444 shares in the company on the 16th April 2013 at a price of 7.72p. The Director now holds 64,444 shares.