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· Jubilee secures investment from two blue chip institutions, including one new to the share register · 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 · 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
Leon Coetzer, Chief Executive Officer, says : 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 f ....