Platinum Group closes non-brokered private placement

1 minute read
28 June 2019

On June 28, 2019, Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) ("Platinum Group") closed a non-brokered private placement with Hosken Consolidated Limited ("HCI"), an existing major shareholder of Platinum Group, by issuing 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, for gross proceeds of US$1.3 million.

Platinum Group is focused on, and is the operator of, the Waterberg Project, a bulk mineable underground palladium deposit in northern South Africa.

Daniel Allen, Brett Kagetsu and Raymond Ong of Gowling WLG advised Platinum Group with respect to Canadian securities law matters related to this transaction.

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