Hosken Consolidated Investments announced today that on June 17, 2020, it acquired, through its subsidiary Deepkloof Limited, 500,000 common shares of Platinum Group Metals Ltd. on a private placement basis at a price of US$1.40 per share for total consideration of US$700,000. This acquisition brings HCI's total holdings in the common shares of PTM to 20,081,988, or 31.591%. On November 15, 2019, 3,742,999 warrants of PTM [...]
Platinum Group Metals reports closing of the Company's previously announced non-brokered private placement of common shares at price of US $1.40 each. An aggregate of 1,221,500 common shares were subscribed for and issued resulting in gross proceeds to the Company of US $1.71 million. A 6% cash finder's fee in the amount of US $37,926 was paid in cash on a portion of the Private Placement. Hosken Consolidated Investments [...]
Platinum Group Metals Ltd. reports that this morning Impala Platinum Holdings Ltd. has given formal notice that it does not intend to exercise its option to purchase and earn into a 50.01% interest in the Waterberg Project. Implats stated that "notwithstanding the positive progress achieved on the Call Period Program to date, and the strategic alignment between the Waterberg asset and Implats stated portfolio objectives [...]
Platinum Group Metals reports that the Company intends, subject to regulatory approval, to offer and sell an aggregate of 1,428,600 common shares of the Company at price of US$1.40 each for gross proceeds of US$2.0 million . An existing major beneficial shareholder of the Company, Hosken Consolidated Investments Limited, is expected to participate in the Private Placement. A 6.0% cash finder's fee is expected to be paid [...]
Platinum Group Metals Ltd. ; reports the Company's financial results for the six months ended February 29, 2020 and provides a summary of recent events and outlook. An implementation budget and work program are now underway advancing the Company's palladium dominant Waterberg project, located on the North Limb of the Bushveld Complex in South Africa . The budget and program are 100% funded by [...]
Platinum Group Metals Ltd. reports that shareholders of Waterberg JV Resources Proprietary Limited have executed a formal Amended Purchase and Development Option agreement with Impala Platinum Holdings Ltd. . In consideration for the amendment, announced February 27, 2020, Implats is funding 100% of a new implementation budget and work program effective February 1, 2020. The Work Program, as approved by Waterberg JV Co [...]
Platinum Group Metals Ltd. and Impala Platinum Holdings Ltd. announce that the shareholders of Waterberg JV Resources Proprietary Limited have agreed to amend the terms of the Implats Purchase and Development Option , which was due to be exercised on April 17, 2020 following the Waterberg JV Co.'s approval of the 2019 Definitive Feasibility Study on December 5, 2019. In consideration for this amendment, Implats has agreed [...]
Platinum Group Metals Ltd. President and Chief Executive Officer, R. Michael Jones will present at the 29th Annual BMO Capital Markets Global Metals & Mining Conference in Hollywood, Florida on Wednesday, February 26, 2020 at 11:15 a.m. Eastern Time. The live presentation and replay will be available at: https://cc.talkpoint.com/bmoc001/022320a_js/?entity=40_MBRCTTL Presentation materials can be accessed on the Company's [...]
Platinum Group Metals Ltd. is pleased to announce positive results from its Annual General Meeting held on February 20, 2020 in Vancouver, BC. The meeting had a turnout of shareholders representing 65.4% of its issued shares eligible to vote at the meeting. Shareholders strongly supported the appointment of the Board and the resolutions proposed. The number of directors is fixed at six and on a show of hands the [...]
Vancouver, British Columbia and Johannesburg, South Africa-- - Platinum Group Metals Ltd. reports the Company's financial results for the three months ended November 30, 2019 and provides a summary of recent events and outlook. The Company is focused on advancing the palladium dominant Waterberg Project located on the North Limb of the Bushveld Complex in South Africa . An independent Definitive Feasibility Study for the [...]
Platinum Group Metals reports closing of the Company's previously announced non-brokered private placement of common shares at price of US $1.24 each. An aggregate of 3,225,807 common shares were subscribed for and issued resulting in gross proceeds to the Company of US $4.0 million. A 6% cash finder's fee in the amount of US $54,232 was paid in cash on a portion of the Private Placement. Hosken Consolidated Investments [...]
Platinum Group Metals Ltd. reports that the Company intends, subject to regulatory approval, to increase the size of its previously announced non-brokered private placement to an aggregate of up to 3,225,807 common shares of the Company at price of US$1.24 each for gross proceeds of US$4.0 million . An existing major beneficial shareholder of the Company, Hosken Consolidated Investments Limited, has confirmed their [...]
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