Yorkville Advisors, LLC: Yorkville Advisors completes £15M equity facility with Jubilee Platinum plc

Yorkville Advisors, LLC (Yorkville), the US-based alternative investment manager, is pleased to announce it has entered into a £15 million Standby Equity Distribution Agreement (SEDA) on behalf of one of its funds with Jubilee Platinum plc (AIM:JLP / JSE:JLB), a mining exploration and development company with a focus on platinum group elements  and nickel/copper. Through recent acquisitions, the Company has added platinum group elements (PGE) and ferroalloy smelting and refining to its capability. The deal was advised out of London.

Jubilee Platinum entered into the SEDA to support the execution of its smelting operation and further development of its platinum resources.

Pioneered 10 years ago by Yorkville, a SEDA offers companies a low risk, cost effective way of optimising their capital structure in pursuit of their growth strategy. Pursuant to the terms of the SEDA, Jubilee Platinum has the discretion to withdraw funds of up to £15 million in tranches in exchange for the issue of new equity for up to 36 months.

Leon Coetzer, Chief Executive Officer, Jubilee Platinum stated: “We are delighted to have effected this standby arrangement with Yorkville for funds of up to £15 million. This will enable Jubilee to take advantage quickly of identified opportunities to acquire small to medium platinum-chrome mines consistent with the ConRoast growth strategy. This facility means Jubilee can acquire suitable targets without recourse to current cash, which is allocated for our on-going Middelburg smelter expansion and project development plans.”

Brian Kinane, Managing Director, Yorkville Advisors UK, said: “We are excited with regard to the establishment of our strategic financing partnership with Jubilee Platinum. We believe that the experienced management combined with innovative technology and vertically-integrated model of Jubilee Platinum represents a prudent exposure to the platinum market.”

About Yorkville Advisors and Yorkville Advisors UK

Yorkville Advisors UK, LLP is a sub-advisor to the US-based alternative investment manager Yorkville Advisors, LLC.

Founded in January 2001 by Mark Angelo, Yorkville specializes in providing flexible, innovative debt and equity investments and financing in publicly listed companies in a variety of sectors including energy, mining, technology media & telecommunication (TMT), healthcare and shipping.

Yorkville tailors its financings according to each company’s need and offers a mix of debt structures, bridge financings, asset backed loans, equity facilities and, in some cases, equity injections.

Yorkville has offices in Jersey City, New Jersey; Jupiter, Florida; Denver, Colorado; London and Hong Kong as well as a joint venture agreement in Milan, Italy.

www.yorkvilleadvisors.com

About Jubilee Platinum
Jubilee Platinum plc (the “Company”) is a mining exploration, and development company with a focus on platinum group elements (PGE) and nickel/copper. Through recent acquisitions, the Company has added PGE and ferroalloy smelting and refining to its capability.

The Company’s prime asset in South Africa is the Tjate Platinum project, in which it has a 63% beneficial interest. The project covers some 5140 hectares and is down dip of existing Anglo Platinum’s Twickenham and Impala Platinum’s Marula operations. The project’s exploration area has been independently estimated to be a target for potentially some 65 million oz (41 million oz attributable) of PGEs and gold net of geological losses.

The Company recently acquired Braemore Resources plc, which holds an exclusive licence to the ConRoast process for the smelting of high chrome-bearing PGM concentrates and has acquired extensive development expertise in this technology.

http://www.jubileeplatinum.com/index.htm