Platinum Group Discontinues Offering of Senior Unsecured Notes

Platinum Group Metals Ltd. (TSX:PTM) announced the discontinuation of its earlier announced private offering of 150,000 units consisting of $150,000,000 aggregate principal amount of senior unsecured notes due 2021. The company also discontinued the right for noteholders to receive an aggregate of 55,200,000 common share purchase warrants.

As quoted in the press release:

The Company is considering alternative transactions to fund the completion of the WBJV Project 1 platinum mine.

Click here for the Platinum Group Metals Ltd. (TSX:PTM) press release.