Platinum Australia Limited (Subject to Deed of Company Arrangement)
ACN 093 417 942 ("the Company" or "PLA")
ASX code: PLA 15 January 2013
Proposed merger of PLA with Jubilee Platinum plc
Heads of Agreement extended
The Deed Administrator refers shareholders to the announcement made on 17 December 2012 regarding the execution of a Heads of Agreement ("HOA") between the Company and Jubilee Platinum plc ("Jubilee"). The Deed Administrator advises shareholders that the parties are continuing negotiations and due diligence in relation to the proposed transaction, and have extended the date under the HOA for Jubilee to deliver the indicative terms sheet of the approximate US$30m financing to 28 January 2013. Execution of binding transaction documents is targeted for late January 2013/early February 2013.
The Deed Administrator will continue to keep the market informed as the proposed transaction progress.
BRYAN HUGHES
Deed Administrator
www.pitcher.com.au
Melbourne | Sydney | Perth | Adelaide | Brisbane
Pitcher Partners is an association of independent firms.
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