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 executes credit agreement
Monday, 16 Feb 2015 09:00am EST 

Platinum Group Metals:Enters into a credit agreement with a syndicate of lenders led by Sprott Resource Lending Partnership for a Senior Secured Loan Facility of up to $40 mln.Will use the proceeds of the Facility for the development and operation of the WBJV Project 1 and for general working capital purposes.Facility matures on Dec. 31, 2017.Facility is planned to be available at the delivery and sale of first commercial concentrate from the WBJV Project 1 targeted for fourth quarter 2015.  Full Article

Platinum Group Metals announces closing of public offering of common shares
Wednesday, 31 Dec 2014 09:01am EST 

Platinum Group Metals:Closes its public offering of common shares.Pursuant to the Offering, the company issued 214,800,000 common shares at a price of $0.53 per Share, for aggregate gross proceeds of $113,844,000.Shares include 7,200,000 common shares issued pursuant to an over-allotment option.BMO Capital Markets and GMP Securities L.P. acted as the underwriters and agreed to buy the Shares on a bought deal basis.Net proceeds will be used to fund Phase 2 development at the WBJV Project 1 platinum mine.Net proceeds, together with company's unrestricted cash on hand, is expected to be sufficient to fully fund the completion of mill and concentrator construction at the WBJV Project 1 platinum mine.  Full Article

Platinum Group Metals announces $110 million bought deal financing
Tuesday, 9 Dec 2014 04:24pm EST 

Platinum Group Metals: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 207,600,000 common shares , at a price of $0.53 per Common Share for gross proceeds of $110,028,000.Company 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 pct of the Offering to cover over-allotments, if any.Offering is expected to close on or about Dec. 31.Net proceeds of the Offering will be used to fund Phase 2 development at the WBJV Project 1 platinum mine.  Full Article

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

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