Vancouver, British Columbia-- - Platinum Group Metals Ltd. announces that it has entered into an agreement with BMO Capital Markets under which BMO has agreed to buy on a bought deal basis in the United States 8,326,957 common shares of the Company , at a price of US$1.25 per Offered Share for gross proceeds of approximately US$10,408,696 million . The Company has granted BMO an option to purchase additional common shares [...]
Platinum Group Metals Ltd. reports the Company's financial results for the nine months ended May 31, 2019 and provides a summary of recent events and outlook. For details of the condensed consolidated interim financial statements for the nine months ended May 31, 2019 and Management's Discussion and Analysis for the nine months ended May 31, 2019 please see the Company's filings on SEDAR or on EDGAR . Shareholders are [...]
Platinum Group Metals Ltd. reports that Anglo American Platinum Ltd. and Platinum Group have launched a new venture, Lion Battery Technologies Inc. , to accelerate the development of next-generation battery technology using platinum and palladium. The possibility of creating additional demand for platinum and palladium in the battery technology space is an exciting development and of strategic importance to both parties [...]
Platinum Group Metals Ltd. reports closing of the Company's previously announced non-brokered private placement with Hosken Consolidated Limited , an existing major shareholder of the Company, for gross proceeds of US$1.3 million . In connection with the Private Placement, the Company issued an aggregate of 1,111,111 common shares to Deepkloof Limited, a subsidiary of HCI, at a price of US$1.17 per common share. On a [...]
Platinum Group Metals Ltd. reports that the Company intends, subject to regulatory approval, to offer and sell up to an aggregate 1,111,111 common shares at price of US$1.17 each for gross proceeds of up to US$1.3 million . The Private Placement is planned to be subscribed for by Hosken Consolidated Investments Limited , an existing major shareholder of the Company. No finder's fees will be paid in connection with the [...]
VANCOUVER, British Columbia and JOHANNESBURG, South Africa, April 15, 2019 -- Platinum Group Metals Ltd. announced today that Mr. Stuart Harshaw, P.Eng., MBA, has been appointed to the Company’s board of directors, bringing the number of directors to seven. Mr. Harshaw was the Vice President, Ontario Operations, for Vale Canada Limited until 2017 where he was an innovative leader with international experience [...]
VANCOUVER, British Columbia and JOHANNESBURG, South Africa, April 12, 2019 -- Platinum Group Metals Ltd. reports the Company’s financial results for the six months ended February 28, 2019 and provides a summary of recent events and outlook. For details of the condensed consolidated interim financial statements for the six months ended February 28, 2019 and Management’s Discussion and Analysis for the six [...]
VANCOUVER, British Columbia and JOHANNESBURG, South Africa, March 07, 2019 -- Platinum Group Metals Ltd. reports that the previously announced transaction between the Japan, Oil, Gas and Metals National Corporation and Hanwa Co. Ltd. has been completed. In February 2018, JOGMEC held a public tender to transfer 9.755% of JOGMEC’s 21.95% interest in the Waterberg Project. Hanwa successfully won the bid, whereupon [...]
VANCOUVER, British Columbia and JOHANNESBURG, South Africa, Feb. 25, 2019 -- Platinum Group Metals Ltd. is pleased to announce the positive results from its Annual General Meeting held on February 22, 2019 in Vancouver, BC. The meeting had a turnout of shareholders representing over 73% of its issued shares eligible to vote at the meeting. Shareholders strongly supported the appointment of the Board and the resolutions [...]
VANCOUVER, British Columbia and JOHANNESBURG, South Africa, Feb. 11, 2019 -- Platinum Group Metals Ltd. reports that Hosken Consolidated Investments Limited announced on February 4, 2019 it had acquired, on a private placement basis through its subsidiary Deepkloof Limited, 2,141,942 common shares of Platinum Group Metals Ltd. at a price of US$1.33 per share for total consideration of US$2,848,783. Immediately before the [...]
Platinum Group Metals Ltd. reports closing of the Company’s previously announced non-brokered private placement of common shares at price of US $1.33 each. An aggregate of 3,124,059 common shares were subscribed for and issued, including a 124,059 common share increase to the announced offering size, resulting in gross proceeds to the Company of US $4.155 million. A 6% cash finder’s fee in the amount of US [...]
Platinum Group Metals Ltd. reports the Company intends, subject to regulatory approval, to offer and sell up to an aggregate 3.0 million common shares at price of US $1.33 each for gross proceeds of up to US $4.0 million . A 6% cash finder’s fee estimated at US $60,000 is to be paid on a portion of the Private Placement. The majority of the Private Placement is planned to be subscribed for by an existing major [...]