TSX- and NYSE-listed Platinum Group Metals (PTM) has sold more than 5.4-million common shares in the capital of the company for gross proceeds of $12-million though an at-the-market offering of common shares.
Initially announced on September 4, the offering was completed on November 30.
PTM intends to use the proceeds of the offering for its predevelopment costs on the Waterberg project, in South Africa, as well as for general corporate purposes, partial debt repayment and other amounts due.