Eastern Platinum Ltd.

Eastern Platinum Ltd. today announced the offering to its shareholders of rights to acquire common shares of the Company at the close of business on the record date of December 18, 2020 , on the basis of one Right for each Common Share held. Each Right will entitle the holder to subscribe for one Common Share of the Company upon payment of the subscription price of $0.32 or ZAR 3.77136 per Common Share . Shareholders who [...]

Eastern Platinum Ltd. announces that it has received the written reasons for judgment of the Court of Appeal for British Columbia dismissing the appeal of the petition filed by 2538520 Ontario Limited, seeking leave to commence a derivative action against certain of its current and former directors in relation to the transactions between the Company and Union Goal Offshore Solutions Limited . "The Company is pleased with [...]

Eastern Platinum Ltd. is pleased to report that it has filed its Q3 2020 condensed interim consolidated financial statements and management's discussion and analysis for the three and nine months ended September 30, 2020. Below is a summary of the Company's financial results for Q3 2020 : Revenue for the three and nine months ended September 30, 2020 increased to $16.8 million and $40.3 million respectively; Mining [...]

Eastern Platinum Ltd. announces that it has granted 1,770,000 stock options to directors and officers of the Company that vest in 90 days. The options were granted for a term of five years, and expire on October 16, 2025. Each option allows the holder to purchase one common share of Eastplats at an exercise price of CDN$0.37. For further information, please contact: Eastern Platinum Ltd. Rowland Wallenius, Chief Financial [...]

Eastern Platinum Ltd. is pleased to announce that all of the nominees proposed as directors and listed in the management information circular dated August 26, 2020 were elected as directors of Eastplats at its annual general meeting of shareholders held on October 15, 2020 . At the Meeting, PricewaterhouseCoopers LLP were also re-appointed as auditors of Eastplats. Detailed results of the vote for the election of [...]

Eastern Platinum Ltd. is pleased to report that it has filed its Q2 2020 condensed interim consolidated financial statements and management's discussion and analysis for the three and six months ended June 30, 2020. Below is a summary of the Company's financial results for Q2 2020 : Revenue for the six months ended June 30, 2020 increased to $23.5 million – 49% increase; Operating loss for the six months ended June 30 [...]

Eastern Platinum announces that its subsidiary, Barplats Mines Ltd., has entered into a project framework agreement with Advanced Beneficiation Technologies Proprietary Limited of South Africa , an organization fully compliant as a Black Economic Empowerment Entrepreneur and a member of the Omang Group of companies, to complete an independent feasibility study for the development and construction of a new modular plant [...]

Eastern Platinum Ltd. is pleased to announce the closing of the Company's previously announced settlement transaction with AlphaGlobal Capital Inc. pursuant to which AlphaGlobal has discontinued all claims by AlphaGlobal against the Company and its subsidiaries and released the Company from any and all claims that AlphaGlobal may have against the Company or its subsidiaries, in exchange for which the Company has: issued [...]

Eastern Platinum Ltd. today announced that the Company has reached a settlement agreement with AlphaGlobal Capital Inc. to dismiss all claims against the Company and its subsidiaries and to release the Company from any and all claims that AlphaGlobal may have against the Company or its subsidiaries, in exchange for the issuance of 8,000,000 common shares of the Company at a deemed subscription price of $0.235 CDN [...]

Eastern Platinum Ltd. reports that the chrome concentrate operation at Crocodile River Mine located in South Africa was temporarily halted on the weekend as a result of a confirmed case of COVID-19 and some precautionary steps the Company is taking, including personnel self-isolation and full scale deep cleaning of CRM. To ensure the safety and health of the staff, the Company is instituting a full baseline testing of [...]