Jubilee Mines NL - 14-Oct-03

Jubilee Mines NL - 14-Oct-03

Has taken up a seed capital stake in unlisted explorer Northern Star Resources Ltd ahead of its proposed IPO and ASX listing.  Jubilee will subscribe for 9.375 million shares at an issue price of 8 cents per share and 9.375 million free options (exercisable at 25 cents) for a total investment of A$750,000.

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