/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRES OR FOR DISSEMINATION IN
THE UNITED STATES/
TORONTO, Dec. 6 /CNW/ - Platmin Limited (TSX, AIM: PPN) (the "Company" or
"Platmin") announced today announces that it has completed the previously
announced offering of 9,500,000 common shares at a price per share of
Cdn $8.50 to raise gross proceeds of Cdn.$80,750,000. The offering was
underwritten by a syndicate of underwriters jointly led by RBC Capital Markets
and GMP Securities L.P., and including Haywood Securities Inc. The net
proceeds will be used principally to advance the development of the Company's
Application has been made for the 9,500,000 common shares to be traded on
AIM and admission will occur on 7 December 2007.
This market release shall not constitute an offer to sell, or the
solicitation of an offer to buy, any securities in the United States or any
other jurisdiction. The common shares being offered have not been and will not
be registered under the U.S. Securities Act of 1933 and state securities laws.
Accordingly, the common shares may not be offered or sold in the United States
except pursuant to applicable exemptions from registration.
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
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 20 7653 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