/NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE SERVICES/
TORONTO, Dec. 22 /CNW/ - Platmin Limited ("Platmin" or "the Company"; TSX/AIM: PPN; JSE: PLN) today announces that the holders of its US$135 million of convertible debentures that were issued 13 May 2010 have notified the Company that they wish to extend the maturity date of the convertible debentures to 28 February 2011, as is permitted by the debenture terms. Platmin has accepted this extension and accordingly the convertible debentures will now mature on 28 February 2011.
Platmin's primary asset is the Pilanesberg Platinum Mine (PPM), which is building up to full production. The focus of the company is on achieving the metal production forecasts predicted in the Bankable Feasibility Study (BFS) for the mine and participating in the considerable investment value creation potential of the consolidation of the western limb of the Bushveld Complex. Platmin also hold interests in projects on the eastern limb.
For further information: For further information:
Russell & Associates
+27 11 880 3924
+27 82372 5816