R/€ = 16.76 Change: 0.00
R/$ = 14.64 Change: 0.00
Au 1184.72 $/oz Change: 7.82
Pt 786.75 $/oz Change: 5.92
 
 
R/€ = 16.76 Change: 0.00
R/$ = 14.64 Change: 0.00
Au 1184.72 $/oz Change: 7.82
Pt 786.75 $/oz Change: 5.92
 
 
BACK

PTM closes $17.62m public offering

15th May 2018 BY: Simone Liedtke
Writer

JOHANNESBURG (miningweekly.com) – TSX-listed Platinum Group Metals (PTM) has closed the issuing of 117.45-million units at a price of $0.15 a unit for gross proceeds of about $17.62-million.

Each unit comprises one common share and one common share purchase warrant of PTM.

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Each warrant will entitle the holder thereof to buy one common share at a price of $0.17 for a term of 18 months from the date of closing of the offering. 

The net proceeds of the offering, before expenses, of about $16.56-million, will be used towards the repayment of a loan facility and production payment termination fees owed to Liberty Metals & Mining Holdings and for general corporate and working capital purposes.  

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EDITED BY: Chanel de Bruyn Creamer Media Senior Deputy Editor Online
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