Hi all,Seems Jubilee holders like the a PLA acquisition, Itra...

Hi all,

Seems Jubilee holders like the a PLA acquisition, Itra day stock was up by 50%...........Well i hope it keeps going and all of us holders get most of our money back, good luck all

Will jubilee trade on the ASX??? Any comments

Jubilee Platinum, the JSE listed and AIM quoted 'Mine-to-Metals' exploration and development company, is pleased to announce the unaudited pro forma financial effects of the proposed acquisition of the entire issued capital of Platinum Australia Limited ("PLA") by Jubilee ("the Transaction").

Key Features based on 30 June 2012 pro forma results:

· Headline loss per share reduced by 6.17%;and
· Tangible net asset value per share up 317.72%

On 25 February 2013, the Company announced that it had executed the Implementation Deed and Supporting Transactional Documents ("Transactional Agreements") relating to the acquisition of PLA by Jubilee to be effected by way of a scheme of arrangement in terms of Australian law. The announcement incorporated a cautionary statement.

Completion of the Transaction would result in the creation of a significant South African platinum group metals producer supported by strong prospects for expansion through the development of its near-surface resources. This would propel Jubilee into a fully integrated, operational platinum mining company offering both short-term and long-term growth of the current operations.


The unaudited pro forma financial effects of the Transaction are illustrated below in compliance with the Listings Requirements of the JSE Limited ("JSE"). The pro forma financial effects do not attempt to illustrate the business plan of the enlarged Jubilee group on a forward looking basis but simply captures the historical financial information of both Jubilee and PLA. The financial effects also include a number of assumptions on share price.

Leon Coetzer, CEO of Jubilee Platinum, said: