Jubilee sound very excited with the deal they struct with...

Jubilee sound very excited with the deal they struct with Macquire and no mention for PLA roasting.

They're talking like its a done deal..... Lets make sure this doesn't happen.

PLA is mostly made up of smaller shareholders. How do they think they'll get this past shareholder approval?

Jubilee Platinum agrees financing and lowers price for Platinum Australia
By Philip Whiterow July 30 2013, 9:05am
Jubilee Platinum (LON:JLP) has slashed the terms of its merger with Platinum Australia and also arranged a US$10.5 mln loan facility to re-start its operations.
Platinum Australia shareholders will now get one new Jubilee share for every 5.68 shares they currently own, compared to the original terms of one Jubilee share for every 2.593 PLA.
The new terms significantly reduce dilution for its shareholders, said Jubilee, with PLA investors now set to own 16.35% of the merged company.
Completion date for the merger has been put back to September 30 from July 31.
The loan facility is with Macquarie Bank (MBL) and is secured at project level.
Leon Coetzer, Jubilee’s chief executive, said: "We are delighted to have received such significant backing from MBL - PLA's largest creditor.
“We are fully focused on completing this acquisition and creating a platinum mining group with the potential to be a significant player within the platinum producers in the world.
"While the implementation period has been extended, we are extremely pleased to have significantly reduced the cost and dilution to Jubilee shareholders and look forward to further updating the market in due course."