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Platinum Group Metals Secures $110 Million in Bought-Deal Financing

iconDec 12, 2014 09:59
Source:SMM
After confirming an extension of its Waterberg, South Africa, deposit on Friday, Platinum Group Metals announced Tuesday afternoon that it has secured $110-million in bought-deal financing.

by MetalMiner IndX Reports on DECEMBER 10, 2014 - After confirming an extension of its Waterberg, South Africa, deposit on Friday, Platinum Group Metals announced Tuesday afternoon that it has secured $110-million in bought-deal financing.

Platinum Group has also executed a term sheet for a $40-million senior secured operating loan facility with Sprott Resource Lending Partnership. Proceeds from the agreements will fund the completion of its Western Bushveld Joint Venture (WBJV) Project 1 platinum mine there.
 
For full access to http://agmetalminer.com/2014/12/10/platinum-group-metals-announces-110-million-mine-financing-deal/

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