Platinum Group Metals Ltd. enters into at-the-market offering sales agreement

1 minute read
05 February 2021

Effective February 5, 2021, Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) ("Platinum Group" or the "Company") entered into an Equity Distribution Agreement  with BMO Capital Markets Corp. ("BMO"). 

Under the agreement, Platinum Group may sell its common shares in the capital of the Company from time to time for up to US$50 million in aggregate sales proceeds in "at-the-market" transactions. No offers or sales of common shares will be made in Canada, to anyone known by BMO to be a resident of Canada or on or through the facilities of the Toronto Stock Exchange or other trading markets in Canada.

Gowling WLG advised Platinum Group with respect to this offering with a team that included Daniel Allen, Brett Kagetsu, Brent Kerr, Jill Dunn, Martin Palleson, Ethan Chang and James Stewart.

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.