Eastern Platinum Reaches Agreement with Minority Interest Partners

Eastern Platinum Limited (TSX:ELR) has agreed to buy out minority interests upon closing of its agreement with Hebei Zhongbo Platinum Co. Limited to buy Eastplat’s South African PGM mining business.

As quoted in the press release:

The aggregate amount to be paid for the buy-out of these Minority Interests is US$25,737,000, payable upon the closing of the Acquisition transaction with Hebei Zhongbo.

Click here to read the Eastern Platinum Limited (TSX:ELR) press release