Brief: Platinum Group Metals announces private placement of $20 mln convertible senior notes

Platinum Metals

28/06/2017 03:59

June 27 (Reuters) - Platinum Group Metals Ltd  PTM.TO  : 
    * Platinum Group Metals announces private placement of US$20 
million 6 7/8% convertible senior subordinated notes due 2022 
    * Notes will bear interest at a rate of 6 7/8% per annum, 
payable semi-annually on January 1 and July 1 of each year 
    * To use proceeds from sale of notes for working capital at 
Maseve Mine, for work on study on Waterberg Project 
 
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