Key Developments: Platinum Group Metals Ltd (PTM.TO)

PTM.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Platinum Group Metals Ltd announces launch of unit offering comprised of senior unsecured notes
Monday, 3 Nov 2014 07:09am EST 

Platinum Group Metals Ltd:Intends to offer 150,000 units consisting of $150,000,000 aggregate principal amount of Senior Unsecured Notes due 2021 and the right for Note holders to receive an aggregate of 55,200,000 common share purchase warrants.Each warrant will entitle the holder thereof to acquire one common share of the company.  Full Article

Platinum Group Metals Ltd announces closing of public offering of common shares
Tuesday, 31 Dec 2013 09:09am EST 

Platinum Group Metals Ltd:Says it has closed its public offering of common shares.Says pursuant to the Offering, the company issued 148,500,000 common shares at a price of C$1.18 per Share, for aggregate gross proceeds of C$175,230,000.Says BMO Capital Markets and GMP Securities L.P. led a team of underwriters which included CIBC World Markets Inc., RBC Dominion Securities Inc., Barclays Capital Canada Inc., PI Financial Corp., Raymond James Ltd. and Dundee Securities Ltd which agreed to buy the Shares on a bought deal basis.  Full Article

Platinum Group Metals Ltd announces C$175 million bought deal financing
Monday, 9 Dec 2013 03:46pm EST 

Platinum Group Metals Ltd:Enters into an agreement with a syndicate of underwriters led by BMO Capital Markets and GMP Securities L.P. under which the underwriters have agreed to buy on a bought deal basis 148,500,000 common shares.Says at a price of C$1.18 per Common Share for gross proceeds of C$175,230,000.Says it has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any.Says offering is expected to close on or about Dec. 31, 2013 and is subject to Platinum Group Metals receiving all necessary regulatory approvals.Says net proceeds of the Offering will be used to partially fund Phase 2 development at the WBJV Project 1 platinum mine and for general working capital purposes.  Full Article

Benton Resources Inc Announces Option Agreement With Platinum Group Metals Ltd
Friday, 16 Aug 2013 08:00am EDT 

Benton Resources Inc announced that it has executed an option agreement (the Agreement) with Platinum Group Metals Ltd. on the Company's recently acquired Mealy copper-nickel-platinum-palladium project (the Project) in Labrador. The Agreement allows PTM to earn a 71% interest in the Project by paying the Company $51,000 on the effective date of the Agreement and by incurring an aggregate of $2.4 million in exploration expenditures on the Project. Upon completion of the prescribed cash payment and exploration expenditures, PTM will earn a 71% interest in the Project at which point a joint venture will be formed between the Company and PTM. Benton will retain a 1% NSR on the Project and PTM will be the operator of the Project while it holds a majority interest.  Full Article

Platinum Group Metals Ltd Announces Closing Of Public Offering Of Common Shares
Friday, 4 Jan 2013 09:05am EST 

Platinum Group Metals Ltd announced that it has closed its previously announced public offering of common shares (the "Offering"). Pursuant to the Offering, the Company issued 225,000,000 common shares at a price of CAD0.80 per common share, for aggregate gross proceeds of CAD180,000,000. BMO Capital Markets, RBC Capital Markets and GMP Securities L.P. acted as joint bookrunners on the Offering and Raymond James Ltd., Stifel Nicolaus Canada Inc., CIBC and Cormark Securities Inc. acted as co-managers on the Offering. The Company intends to use the net proceeds from the Offering to partially fund its 74% share of Phase 2 development costs at the WBJV Project 1 platinum mine, its 63% obligation towards ongoing exploration and engineering work on the Waterberg project and for general working capital purposes.  Full Article

Platinum Group Metals Ltd Announces Pricing of Public Offering of Common Shares
Wednesday, 12 Dec 2012 09:06am EST 

Platinum Group Metals Ltd announced that it has priced its previously announced public offering of common shares (the Offering). Pursuant to the Offering, the Company will issue 225,000,000 common shares at a price of CAD0.80 per common share, for aggregate gross proceeds of CAD180,000,000. The Company will file an amended and restated preliminary short form prospectus with the securities commissions in all provinces of Canada, and will file an amendment to the registration statement with the United States Securities and Exchange Commission. Closing of the Offering is expected to occur on or about January 4, 2013. The Company has also granted the Underwriters an option, exercisable for a period of 30 days following the closing of the Offering, to purchase additional common shares representing an additional 15% of the Offering to cover over-allotments. The Company intends to use the net proceeds from the Offering to partially fund its 74% share of Phase 2 development costs at the WBJV Project 1 platinum mine, its 63% obligation towards ongoing exploration and engineering work on the Waterberg project and for general working capital purposes. BMO Capital Markets, RBC Capital Markets and GMP Securities L.P. are acting as joint bookrunners on the offering and Raymond James Ltd., Stifel Nicolaus Canada Inc., CIBC and Cormark Securities Inc. are acting as co-managers on the Offering.  Full Article

Platinum Group Metals Ltd Announces Public Offering of Common Shares
Monday, 10 Dec 2012 05:14pm EST 

Platinum Group Metals Ltd announced that it has filed a preliminary short-form prospectus in Canada and a registration statement in the United States in connection with a marketed offering of common shares to raise approximately CAD180 million (the "Offering"). The Offering will be conducted through a syndicate of underwriters led by BMO Capital Markets, RBC Capital Markets and GMP Securities L.P., and including Raymond James Ltd., Stifel Nicolaus Canada Inc., CIBC and Cormark Securities Inc. (the "Underwriters"). The Company will also grant to the Underwriters an option, exercisable for a period of 30 days following the closing of the Offering, to purchase additional common shares representing an additional 15% of the Offering to cover over-allotments, if any.  Full Article

PRECIOUS-Gold set to post second weekly gain on safe-haven demand

* Platinum, palladium recover after sharp losses * SPDR gold fund sees holdings rise 0.24 pct * Asian stocks, dollar slightly firmer on U.S. data (Adds China premiums, updates prices) By A. Ananthalakshmi SINGAPORE, Oct 17 - Gold edged higher on Friday and was poised for a second straight week of gains as persistent fears over the health of the world economy took a toll on global equities and the dollar, bringing in safe-haven bids for the metal. Platinum and pall

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