JOHANNESBURG (miningweekly.com) – Dual-listed Platinum Group Metals on Monday closed the private placement of $20-million aggregate principal amount of convertible senior subordinated notes, due 2022.
The company will use the proceeds for working capital at its flagship Maseve mine, near Rustenburg; for work on the definitive feasibility study on the Waterberg project, which is now under way; and for general and administrative expenses.