Platmin Limited Announces Exercise of Over-Allotment Option



    /NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES
    NEWSWIRE SERVICES/

    TORONTO, Dec. 19 /CNW/ - Platmin Limited ("Platmin" or "the Company";
TSX/AIM: PPN) today announces the exercise by RBC Capital Markets, on behalf
of the Underwriters including GMP Securities L.P. and Haywood Securities Inc.,
of the over-allotment option granted to them in connection with Platmin's
offering of common shares, which closed on December 6, 2007. The
over-allotment option has been exercised in full which will result in the
issuance of an additional 1,425,000 common shares of Platmin at an exercise
price Cdn.$8.50 per share for gross proceeds to Platmin of Cdn.$12,112,500
(approximately (pnds stlg)5,985,384 based on exchange rate as at December 19,
2007). This brings the gross proceeds raised in the offering to approximately
Cdn. $92,862,500 (approximately (pnds stlg)45,873,759 based on exchange rate
as at December 19, 2007). The closing of the over-allotment option and listing
of the new shares on the TSX is expected to occur on December 21, 2007, and
the admission of the new shares to trading on the AIM market is expected to
occur on December 24, 2007.

    
                               www.platmin.com
                               ---------------
    

    About Platmin

    Platmin is a TSX and AIM (PPN) listed PGM exploration and development
company focused on its four key advanced projects that host PGM Mineral
Resources and Reserves: Pilanesberg, M'Phatlele, Grootboom and Loskop of which
the Pilanesberg Project is currently in the development phase with the balance
expected to follow. All of Platmin's projects are located in the Bushveld
Complex of South Africa, which is estimated to contain approximately 90% of
global platinum Mineral Resources.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

    Certain statements contained in this market release constitute
forward-looking information within the meaning of securities laws.
Forward-looking information may relate to this and other matters identified in
our public filings, our future outlook and anticipated events or results and,
in some cases, can be identified by terminology such as "may", "will",
"should", "expect", "plan", "anticipate", "believe", "intend", "estimate",
"predict", "potential", "continue" or other similar expressions concerning
matters that are not historical facts. These statements are based on certain
factors and assumptions including the results of marketing efforts, expected
growth, results of operations, performance and business prospects and
opportunities. While we consider these assumptions to be reasonable based on
information currently available to us, they may prove to be incorrect.
    Forward looking-information is also subject to certain factors, including
risks and uncertainties that could cause actual results to differ materially
from what we currently expect. These factors include changes in market and
competition, governmental or regulatory developments and general economic
conditions.

    %SEDAR: 00023797E




For further information:

For further information: Platmin Limited: 6 EcoFusion Office Park, Block
B, 324, Witch-Hazel Avenue, Highveld Park X59, 0157, Centurion, 0067, South
Africa; Keith Liddell, Executive Deputy Chairman, +61 8 9221 7466; Ian Watson,
Chief Executive Officer, +27 12 661 4280; RBC Capital Markets: Peter
Barrett-Lennard, +44 207653 4253; Grant Thornton Corporate Finance (Nomad):
Fiona Owen, +44 207 383 5100; GMP Securities L.P.: Mark Wellings, (416)
367-8600; Haywood Securities: John Willett, (416) 507-2345

Organization Profile

PLATMIN LIMITED

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890