Fladgate advises Jubilee Metals Group on its £6.49m equity placing

Our team: Nigel Gordon

Fladgate has advised Jubilee Metals Group Plc, the AIM and Alt-X traded metals processing company, on its latest oversubscribed equity placing of 162,208,900 new ordinary shares in the company, raising a total of £6.49 million.

The proceeds of the placing will be used towards the completion of the acquisition of rights to the chrome and PGM transactions at Jubilee’s Inyoni Operations, to implement the company’s targeted expansion plans, and to roll-out its fine chrome solution at its DCM Fine Chrome Operations.

Lead Partner Nigel Gordon commented, “Jubilee is an important long-term client of ours, and we are pleased to be advising this successful placing to support the company’s exciting expansion plan.”

Fladgate has advised a number of AIM listed companies, many of which are dual listed, over the years, including:

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