Brief: Platinum Group Metals Announces $3.19 Million Strategic Investment

Platinum Metals

03/05/2018 20:52

May 3 (Reuters) - Platinum Group Metals Ltd  PTM.TO :
    * PLATINUM GROUP METALS LTD. ANNOUNCES US$3.19 MILLION
STRATEGIC
INVESTMENT
    * PLATINUM GROUP METALS LTD - HCI ENTERED INTO SUBSCRIPTION
DEAL
ON PRIVATE PLACEMENT BASIS, FOR PURCHASE OF 16.8 MILLION UNITS
AT A PRICE OF $0.19
    * PLATINUM GROUP METALS LTD - INTENDS TO USE NET PROCEEDS OF
PRIVATE PLACEMENT FOR REPAYMENT OF DEBT DUE TO LIBERTY METALS &
MINING HOLDINGS
    * PLATINUM GROUP METALS LTD - HOSKEN CONSOLIDATED
INVESTMENTS
LIMITED AGREED TO MAKE INVESTMENT WHICH WILL RESULT IN HCI
OWNING 10.0% OF CO'S SHARES

Source text for Eikon:  ID:nGNX6f1kt5 
Further company coverage:  PTM.TO 

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