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Eastplats shares surge as it expects a fourfold rise in its output iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
Press Release - MINING.COM mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.
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). ....
This press release contains forward-looking statements or forward-looking information (collectively referred to herein as forward-looking statements ) within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words will , plan , intends , may , will , could , expects , anticipates and similar expressions. Further disclosure of the risks and uncertainties facing the Company and other forward-looking statements are discussed in the Company s most recent Annual Information Form available under the Company s profile on www.sedar.com. ....
Eastern Platinum Limited Is Pleased to Report the First Delivery of PGM Circuit D Pressed Filter Cake Concentrate and Provide a Company Update Eastplats or the Barplats ), delivered its first shipment of pressed filter cake platinum group metals ( PGM ) concentrate under the existing offtake agreement between Barplats and Impala Refining Services Limited, now Impala Platinum Limited (the Offtake Agreement ). During 2020, the Company completed the refurbishment of the small-scale PGM circuit (previously the scavenger plant circuit) ( PGM Circuit D ). The Company only restarted and began operating the PGM Circuit D during Q3 2020 (following the mandatory general lockdown imposed by the Government of South Africa in connection with the COVID-19 pandemic). The Company has generated approximately 134 tons of pressed filter cake PGM concentrate and delivered approximately 32.18 tons during 2020 under the Offtake Agreement. The Company forecasts continued r ....