Business
Support from Blue Chip Institutional Investors
Support from Blue Chip Institutional Investors.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8941L\n Jubilee Metals Group PLC\n 15 January 2021\n \n \n \n Jubilee Metals Group PLC\n Registration number (4459850)\n AltX share code: JBL\n AIM share code: JLP\n ISIN: GB0031852162\n (\"Jubilee\" or \"Company\")\n \n \n \n \n Jubilee Secures Further Support from Blue Chip Institutional Investors\n \n \n \n \n \n Jubilee, the AIM and Altx traded metals processing company, is pleased to announce a placing of new and existing ordinary shares representing 4.96% of the enlarged issued share capital of the Company to meet institutional demand. A total of 99 883 085 (4.45%) new ordinary shares and 11 547 555 (0.51%) existing ordinary shares in the Company have been placed, at a price of 13 pence per share, with two supportive institutional shareholders, one of which is new to the share register (\"Placing\"). \n \n The Company also advises that it will be hosting a webcast, offering shareholders the opportunity to engage with the Board for a General Company update and talk about the six months operations update at 10am UK time (Noon SA time) on 18 January 2021. \n Shareholders are invite to participate by following the link provided:\n \n \n \n https://webcasting.brrmedia.co.uk/broadcast/60008bbc59cf24171a328549\n \n \n \n \n \n Highlights\n \n \n · \n Jubilee secures investment from two blue chip institutions, including one new to the share register\n \n \n · \n The investment is made based on the Company's earnings and recognition of the accelerated implementation of its copper and cobalt strategy which holds the potential for enhanced sustainable and quality earnings growth\n \n \n · \n The substantial investment made by these blue chip institutions is facilitated by both the partial conversion of the convertible loan note held by ACAM LP, which facilitated the acquisition of the Sable Refinery in 2019, as well as a share contribution by certain Jubilee directors\n \n \n \n \n \n \n Leon Coetzer, Chief Executive Officer, says\n \n : \"This combined investment by two traditionally long term, supportive institutional shareholders is a milestone acknowledgement of the Company's achievements and brings recognition to the successful implementation of our strategy to date and our focus going forward.\n \n \n \"The investment entry requirements for these institutions were...