VANCOUVER, B.C. and JOHANNESBURG, South Africa, May 29, 2018 -- Platinum Group Metals Ltd. announces that work on a Definitive Feasibility Study being completed by Waterberg JV Resources Ltd. , with the Company serving as operator, and with input from Impala Platinum Holdings Ltd. and Japan Oil, Gas and Metals National Corporation , is proceeding according to plan. The latest phase of 38,000 meters of infill drilling has [...]
Hosken Consolidated Investments announced today that on May 15, 2018 it acquired, through its subsidiary Deepkloof Limited, 39,999,999 units of Platinum Group Metals Ltd. at a price of US$0.15 per unit for total consideration of US$5,999,999.85. Of the 39,999,999 units acquired, 24,909,000 units were acquired pursuant to PTM's Canadian final prospectus supplement dated May 11, 2018 to its short form short form base shelf [...]
VANCOUVER, British Columbia, May 15, 2018 -- Platinum Group Metals Ltd. announces the closing of its previously announced marketed public offering of units . The Company has issued 117,453,862 Units at a price of US$0.15 per Unit for gross proceeds of approximately US$17.62 million, which includes the issuance of 3,453,862 Units pursuant to the partial exercise of an over-allotment option granted to the underwriters of [...]
VANCOUVER, British Columbia, May 15, 2018 -- Platinum Group Metals Ltd. announces the closing of its previously announced strategic investment in the Company by Hosken Consolidated Investments Limited on a private placement basis. HCI has subscribed, through a subsidiary, for 15,090,999 units at a price of US$0.15 per unit for gross proceeds of US$2,263,649.85 . Each Unit consists of one common share and one common share [...]
VANCOUVER, British Columbia, May 11, 2018 -- Platinum Group Metals Ltd. announces that it has entered into an underwriting agreement with a syndicate of underwriters in connection with its previously announced marketed offering of units . The underwriters have agreed to purchase 114,000,000 units at a price of US$0.15 per Unit for gross proceeds of approximately US$17.1 million. Each Unit will entitle the holder to [...]
VANCOUVER, British Columbia and JOHANNESBURG, May 11, 2018 -- Platinum Group Metals Ltd. announces that Hosken Consolidated Investments Limited and the Company have agreed to amend the terms of a strategic investment in the Company by HCI first announced on May 3, 2018. HCI has entered into an amended subscription agreement with the Company, on a private placement basis, for the purchase directly or through a subsidiary [...]
VANCOUVER, British Columbia, May 03, 2018 -- Platinum Group Metals Ltd. announces that it has commenced a proposed underwritten public offering of units . Each unit will entitle the holder to acquire, for no additional consideration, one common share of Platinum Group Metals and one-half of one common share purchase warrant of Platinum Group Metals. Each whole Warrant will entitle the holder thereof to purchase one Common [...]
VANCOUVER, British Columbia and JOHANNESBURG, South Africa, May 03, 2018 -- Platinum Group Metals Ltd. announces that Hosken Consolidated Investments Limited has agreed to make a strategic investment in the Company which will result in HCI owning, through a subsidiary, 10.0% of PTM’s issued and outstanding shares. HCI has entered into a subscription agreement with the Company, on a private placement basis, for the [...]
VANCOUVER, British Columbia and JOHANNESBURG, South Africa, May 01, 2018 -- Platinum Group Metals Ltd. reports today that Liberty Metals & Mining Holdings, LLC and the Company have agreed to amended credit terms for an existing secured loan facility , which include: the Company must raise a minimum of US$20 million in subordinated debt and/or equity before May 15, 2018 ; and provided that the Company applies the first [...]
VANCOUVER, British Columbia and JOHANNESBURG, South Africa, April 26, 2018 -- Platinum Group Metals Ltd. reports the completion of the previously announced sale of 100% of the equity in Maseve Investments 11 Ltd. , the holding company of the Maseve Mine, and all shareholder loans owed by Maseve, to Royal Bafokeng Platinum Ltd. . Aggregate consideration for the sale consisted of 4,871,335 RBPlat common shares, which have [...]
VANCOUVER, British Columbia and JOHANNESBURG, South Africa, April 20, 2018 -- Platinum Group Metals Ltd. reports that government approval has been received for Royal Bafokeng Platinum Ltd. to acquire 100% of the shares in Maseve Investments 11 Ltd., the holding company of the Maseve Mine, and all shareholder loans owed by Maseve, for an aggregate consideration in cash and RBPlat common shares, valued on September 6, 2017 [...]
VANCOUVER, British Columbia and JOHANNESBURG, South Africa, April 11, 2018 -- Platinum Group Metals Ltd. reports the Company’s financial results for the six months ended February 28, 2018 and provides an update on recent events and the Company’s outlook. For details of the condensed consolidated interim financial statements for the six months ended February 28, 2018 and Management’s Discussion and [...]
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