VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 24, 2016) - The new board of directors and new management of Eastern Platinum Ltd. ("Eastplats" or the "Company") (TSX:ELR)(JSE:EPS) continue to investigate the transactions undertaken and disclosed by prior management of the Company. On June 28, 2016, prior management of the Company disclosed that Eastplats had entered into an agreement with Hebei Zhongheng Tianda Platinum [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 15, 2016) - Eastern Platinum Ltd. ("Eastplats" or the "Company") (TSX:ELR)(JSE:EPS) announces that David Li will assume the duties of Interim Chief Financial Officer of the Company. Mr. Li has over 20 years of international mining and financial management experience and holds an MBA from Thunderbird School of Global Management in Arizona, U.S. and an active CPA License in [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 7, 2016) - On July 4, 2016, the former management of Eastern Platinum Ltd. ("Eastplats" or the "Company") (TSX:ELR)(JSE:EPS) announced that it had reached agreement with certain holders of minority interests to buy their interests in all the Company's projects, including but not limited to the Crocodile River Mine for a total of U.S.$13,366,609 (the "Acquisition"). On July [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 5, 2016) - Eastern Platinum Ltd. ("Eastplats" or the "Company") (TSX:ELR)(JSE:EPS) is pleased to announce the election of a new board of directors following its annual general meeting (the "Meeting") held earlier today. The new board, comprised of Peter M. Clausi, Michael Cosic, George G. Dorin, Douglas G. Perkins, George Pirie and Sam Wang (the "Board"), consists entirely [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 4, 2016) - On June 28, 2016, Eastern Platinum Ltd. (TSX:ELR)(JSE:EPS) ("Eastplats" or the "Company") announced that it had reached a definitive agreement with Hebei Zhongheng Tianda Platinum Co. Limited ("HZT"), a private company incorporated in the People's Republic of China ("PRC"), whereby HZT would acquire Crocodile River Mine, and associated intercorporate investments [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 28, 2016) - Eastern Platinum Ltd. (TSX:ELR) (JSE:EPS) ("Eastplats" or the "Company") today announced that it has reached a definitive agreement with Hebei Zhongheng Tianda Platinum Co. Limited ("HZT"), a private company incorporated in the People's Republic of China ("PRC"), whereby HZT will acquire the Company's South African subsidiary, Barplats Mines Limited, which holds [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 21, 2016) - Eastern Platinum Ltd. (TSX:ELR)(JSE:EPS) ("Eastplats" or the "Company") today reported that Institutional Shareholder Services Inc. ("ISS") has recommended that shareholders vote the YELLOW proxy FOR the incumbent directors of Eastplats. ISS is a leading independent corporate governance and proxy advisory firm that provides proxy voting recommendations to [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 8, 2016) - Eastern Platinum Ltd. (TSX:ELR)(JSE:EPS) ("Eastplats" or the "Company") today reported on the collectively poor track record of the six candidates nominated by dissident Ka An Development Co. Limited ("Ka An"), which seeks to replace Eastplats' board of directors. "The history and experience disclosed by the Ka An nominees highlights their association with a [...]
- Eastplats' has the right strategy and a cash balance to support it - Eastplats' has no debt and has never diluted shareholders with an equity raise at distressed prices - Eastplats' performance is in the top tier of platinum producers - Eastplats' incumbent Directors are more experienced, better qualified and collectively own more shares than the dissident nominees VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 31 [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 4, 2016) - Eastern Platinum Ltd. (the "Company") (TSX:ELR)(JSE:EPS) is pleased to announce that the Ontario Superior Court of Justice issued a decision on March 31, 2016, dismissing the application for leave to commence a proposed securities class action brought by the law firm Siskinds LLP. The application was originally filed in June 2011 against Eastern Platinum, a [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 1, 2016) - Eastern Platinum Ltd. (the "Company") (TSX:ELR)(JSE:EPS) announces that Ian Rozier will be stepping down as President and Chief Executive Officer of the Company effective January 31, 2016. Ian will remain as a director of the Company. David Cohen, Chairman of the Company, will henceforth also serve as President and CEO. "Ian has led Eastplats since its inception [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 9, 2015) - Eastern Platinum Ltd. (the "Company" or "Eastplats") (TSX:ELR)(JSE:EPS) reports, further to its news release of October 22, 2015, that it has sought clarification from Hebei Zhongbo Platinum Co. Limited ("HZP") as to the validity of statements made by Beijing Hehe Fengye Investment Co. Ltd. ("Beijing Hehe") in its press release of October 21, 2015 (the "Beijing [...]