Platinum Group Metals Ltd. closes non-brokered private placement with largest shareholder

On October 15, 2020, Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) ("Platinum Group") reported that it had closed its previously announced non-brokered private placement of common shares resulting in gross proceeds to the company of US$2,500,002.20 to existing major beneficial shareholder, Hosken Consolidated Investments Limited ("HCI") through its subsidiary Deepkloof Limited. Closing of the private placement allows HCI to maintain a greater than 31% interest in Platinum Group.

Platinum Group is the operator and majority owner of the Waterberg Project, a bulk underground palladium, platinum, gold and rhodium deposit located in South Africa. 

Gowling WLG advised Platinum Group with respect to this private placement with a team that included Daniel Allen, Brett Kagetsu and Jill Dunn.