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Platinum Group Metals Releases Pricing Of Public Offering Of Private Shares
Dec. 12, 2012 10:28AM PST
Energy InvestingPlatinum Group Metals Ltd., (TSX:PTM,NYSE:PLG,NYSE MKT:PLG) has priced its previously announced public offering of common shares.
Platinum Group Metals Ltd., (TSX:PTM,NYSE:PLG,MKT:PLG) has priced its previously announced public offering of common shares.
Highlights from press release:
– The company will issue 225,000,000 common shares at a price of C$0.80 per common share, for aggregate gross proceeds of C$180,000,000
– Intends to use the net proceeds from the Offering to partially fund its 74% share of Phase 2 development costs at the WBJV Project 1 platinum mine, its 63% obligation towards ongoing exploration and engineering work on the Waterberg project and for general working capital purposes
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