Brief: Impala Platinum makes investment to advance development of Waterberg PGE project

Platinum Metals

16/10/2017 14:04

Oct 16 (Reuters) - Platinum Group Metals Ltd  PTM.TO :  
    * Impala Platinum makes strategic investment to advance 
development of the Waterberg PGE project 
    * Platinum Group Metals Ltd says immediately purchase 15.0 
percent interest in Waterberg project for US$30.0 million 
    * Platinum Group Metals Ltd -  Impala Platinum Holdings 
entered deals with co, the Japan Oil, Gas and Metals National 
Corporation, among others 
    * Platinum Group Metals Ltd - co to retain 31.96% direct & 
indirect interest in Waterberg project if implats were to 
exercise its full option 
    * Platinum Group Metals Ltd - JOGMEC will retain certain 
metal marketing rights to final metal related to Waterberg 
project 
    * Platinum Group Metals Ltd - initial purchase does not 
effect change of control of Waterberg project 
    * Platinum Group-implats to have option to up stake in 
Waterberg project to 50.01% with additional purchases,earn-in 
arrangements totaling US$166 million 
 
Source text for Eikon:  ID:nGNXOEYDOa  
Further company coverage:  PTM.TO  
 
 ((Bangalore.newsroom@thomsonreuters.com;))