Brief: Platinum Group Metals provides update on Maseve Mine

Platinum Metals

05/05/2016 13:33

May 5 (Reuters) - Platinum Group Metals  
    * $40 million working capital facility with sprott,$40 
million working capital facility with liberty metals & mining 
holdings, amended 
    * Amendments provide flexibility to accommodate production 
ramp-up delay at maseve mine reported in q2 report on april 12, 
2016 
    * As  consideration of amendments, has agreed to issue 
131,654 common shares to lmm pursuant to lmm facility amendment 
    * Mine plan calls for about 110,000 ounces to end of april 
2017 compared to previous guidance for 116,000 ounces in 
calendar 2016 
    * Consideration of amendments, has agreed to issue 131,654 
shares  to sprott pursuant to sprott facility amendment 
 
Source text for Eikon:  ID:nMKWrm6Wha  
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