re: Ann: Update - Merger of PLA with Jubilee ... A practical...

re: Ann: Update - Merger of PLA with Jubilee ... A practical example for a holder of 50,000 PLA shares...

Value of holding prior to administration:
50,000 * 6.7c = $3,350.

Based on current Jubilee share price of 7.55p:
Exchange rate @ 0.66 = Jubilee AUD share price of 11.4c
(As this is below 20c, Jubilee will issue 1 CDI for every 2 Jubilee shares)
1 for 2.6 shs = 50,000 / 2.6 = 19,230 Jubilee shares / 2 = Platinum holders will receive 9,615 Jubilee CDIs.
the 9,615 CDIs are currently worth $2,192.

Therefore a Platinum holder will recover 65% of their funds as at last close.