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.
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