Jubilee Platinum falls after warrants exercised

Shares in Jubilee Platinum tumbled after the mining company exercised warrants to raise £262,500.

The AIM listed company’s share price fell by 9.89% to 3.96p at 1541 BST.

Jubilee Platinum exercised 10m warrants at an average exercise price of 2.625p. The shares will be admitted on AIM and rank the same as ordinary shares of the company, the miner said in a statement.

Jubilee Platinum’s total issued capital will be about 876m shares after the issue.