Jubilee Platinum Raises GBP8 Mln For ConRoast, Tjate

10th Jun 2010 11:51

LONDON (Dow Jones)--Platinum producer Jubilee Platinum PLC (JLP.LN) Thursday said it raised GBP8 million in a share sale to fund the development of its ConRoast smelting technology and complete a feasibility study on its Tjate project in South Africa. Jubilee said it placed 24.2 million shares with investors at 33 pence a share, a 7.3% premium to the stock's closing price Wednesday. At 1047 GMT, shares in Jubilee were 2.5 pence or 8.1% higher at 33.25 pence, outperforming a 0.2% lower Alternative Investment Market. The share sale was handled by broker FinnCap. -By Jason Douglas, Dow Jones Newswires; 44-20-7842-9272; [email protected] (END) Dow Jones Newswires June 10, 2010 06:51 ET (10:51 GMT)