Jubilee acquires 29% stake in BMR

Alt-X- and Aim-listed Jubilee Metals Group has acquired a 29.01% interest in the enlarged issued share capital of BMR Group for £500 000 cash and the issue of 63-million new ordinary shares of Jubilee. The acquisition increases Jubilee’s effective interest in the Zambian Kabwe project to 57.41%, subject to Jubilee’s election to execute the Kabwe project.