JOHANNESBURG (miningweekly.com) – Dual-listed Platinum Group Metals (PTM) has entered into purchase agreements with institutional investors to issue and sell $20-million aggregate principal amount of convertible senior subordinated notes due 2022.
PTM will use the proceeds for working capital at its flagship Maseve mine, near Rustenburg; for work on the definitive feasibility study on its Waterberg platinum and palladium deposit, which is now under way; for general and administrative expenses and for general working capital purposes.
Edited by: Chanel de Bruyn
Creamer Media Senior Deputy Editor Online
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