https://www.engineeringnews.co.za

PTM closes private placement to raise $1.71m

18th June 2020

By: Tasneem Bulbulia

Deputy Editor Online

     

Font size: - +

Dual-listed Platinum Group Metals (PTM) has closed a previously announced nonbrokered private placement of common shares at a price of $1.40 each, with an aggregate of 1.22-million common shares subscribed for and issued, resulting in gross proceeds of $1.71-million.

Hosken Consolidated Investments (HCI), an existing major shareholder of the company, subscribed for 500 000 common shares through its Deepkloof subsidiary.

The company intends to use the net proceeds of the private placement for its share of costs on the Waterberg project, a bulk underground palladium, platinum, gold and rhodium deposit in South Africa, and for general corporate and working capital purposes.

To watch Creamer Media's latest video reports, click here
 

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.057 0.978s - 140pq - 2rq
Subscribe Now