PTM closes $20m private placement

July 2, 2017

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Dual-listed Platinum Group Metals on Monday closed the private placement of $20-million aggregate principal amount of convertible senior subordinated notes, due 2022. The company will use the proceeds for working capital at its flagship Maseve mine, near Rustenburg; for work on the definitive feasibility study on the Waterberg project, which is now under way; and for general and administrative expenses.

Category: General