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Eastern Platinum Limited Receives Approval from South Africa Competition Commission Regarding Rights Offering Transaction

Eastern Platinum Limited Receives Approval from South Africa Competition Commission Regarding Rights Offering Transaction
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Eastern Platinum Limited to Invest in Zandfontein Underground and Growth Opportunities with Completed Rights Offering

Eastern Platinum Limited to Invest in Zandfontein Underground and Growth Opportunities with Completed Rights Offering
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Eastern Platinum Limited to Invest in Zandfontein Underground and

Vancouver, British Columbia (Newsfile Corp. - May 8, 2023) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ( Eastplats or the Company ) ....

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Eastern Platinum Limited to Invest in Growth with Completed Rights Offering

Eastern Platinum Limited to Invest in Growth with Completed Rights Offering
Eastplats or the
Company ) today announced the completion of the previously announced rights offering to its shareholders (the
Rights Offering ) (See news release of December 11, 2020), subject to final approval of the Toronto Stock Exchange (the
TSX ) and Johannesburg Stock Exchange (the
JSE ).
Eastplats issued 36,841,741 common shares of the Company (each a
Common Share ) at a price of CDN$0.32 per Common Share for rights exercised on the TSX and R3.77136 per Common Share for rights exercised on the JSE. The Company is very pleased to have raised total gross proceeds of approximately CDN$11,788,835 (TSX-CDN$11,364,188 and JSE-R5,010,825). ....

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