Eastern Platinum Ltd. has obtained approval from the South Africa Competition Commission regarding the acquisition of common shares of the Company by Ka An Development Co. Limited pursuant to the rights offering , subject to establishment of an employee share ownership program , which will hold at least 5% of Barplats Mines Limited and will be established within 6 months from Barplats attaining a steady state of certain [...]
Eastern Platinum Ltd.. is pleased to invite all shareholders, investors and analysts to join a webinar to be hosted by the Company on Wednesday, November 22, 2023 at 1:00 p.m. PT / 4:00 p.m. ET. The webinar will be facilitated by Wanjin Yang, CEO, and Wylie Hui, CFO, who will present a corporate and operational update, including development plans for Eastplats' Zandfontein underground section located at the Crocodile [...]
Eastern Platinum Ltd. is pleased to report that it has filed its condensed interim consolidated financial statements for the three and six months ended June 30, 2023 and the corresponding management's discussion and analysis. Below is a summary of the Company's financial results for the second quarter of 2023 and for the six months ended June 30, 2023 in comparison to the same respective period in 2022 : Revenue for Q2 [...]
Eastern Platinum Ltd. announces that its South African subsidiary, Barplats Mines Proprietary Limited received a combined summons from ABT Toda Proprietary Limited which is related to the matter in respect of which Barplats is in arbitration with Advanced Beneficiation Technologies Ltd regarding the Agreement . The Summons was filed with the High Court of South Africa by ABT Toda. Barplats is currently engaged in a [...]
Eastern Platinum Ltd. is pleased to announce that it has retained the services of Target IR & Communications , a full-service investor relations and communications firm that focusses on the metals and mining and technology sectors. Under the terms of the consulting agreement effective July 1, 2023, Eastplats will provide a base monthly fee for the 12-month period of the contract. The Company has also granted Target IR [...]
Eastern Platinum Ltd. announces that it has granted 3,800,000 stock options to directors, officers, and employees of the Company that vest in 90 days. The options were granted for a term of five years and expire on June 21, 2028. Each option allows the holder to purchase one common share of Eastplats at an exercise price of CDN$0.10. The Company further announces that it is filing an Amended Management's Discussion and [...]
Eastern Platinum Ltd. announces the voting results of the Company's 2023 Annual General Meeting of Shareholders held on June 20, 2023 . A total of 65,194,989 common shares were voted at the Meeting, representing 47.30% of the votes attached to all the outstanding common shares of the Company. Detailed results of the vote held at the Meeting are set out below: Business Outcome of Vote Votes For Votes Against Votes Withheld [...]
Eastern Platinum Ltd. announces that, further to its news releases dated April 24, 2023 and May 12, 2023, it has formed a special committee consisting of two independent directors, George Graham Dorin and Xin Guan. The Committee has commenced, together with independent special counsel retained by the Committee, an investigation and review of certain unproven whistleblower allegations, including allegations of undisclosed [...]
Eastern Platinum Ltd. announces that it has received conditional acceptance from the Toronto Stock Exchange to extend the expiry date of 5,960,000 of its outstanding unlisted common share purchase warrants originally issued on June 26, 2020, in conjunction with the previously disclosed settlement agreement with AlphaGlobal Capital Inc. For further information concerning the original issuance of the Warrants, please refer [...]
Eastern Platinum Ltd. is pleased to report that it has filed its condensed interim consolidated financial statements for the three months ended March 31, 2023 and the corresponding management's discussion and analysis. Below is a summary of the Company's financial results for the first quarter of 2023 in comparison to the same respective period in 2022 : Revenue for Q1 2023 increased to $22.1 million , representing a [...]
Eastern Platinum Ltd. today announced the completion of the previously announced rights offering to its shareholders , subject to final approval of the Toronto Stock Exchange and Johannesburg Stock Exchange . On Friday, May 12, 2023 Eastplats will issue an aggregate of 64,080,653 common shares of the Company at a price of CDN$0.11 per Common Share issued in respect of the exercise of rights trading on the TSX and [...]
Eastern Platinum Ltd. has received the written reasons for judgment of the Supreme Court of British Columbia in the petition of shareholder, Xiaoling Ren, seeking leave to commence a derivative action on behalf of the Company against certain of the former and current directors in relation to the transactions between the Company and Union Goal Offshore Solutions Limited . The court has denied leave to bring an action [...]
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