FAQ on Platinum Group Metals Ltd.'s $1 Million Private Placement with HCI
Summary
What is the significance of Platinum Group Metals Ltd.’s private placement with HCI?
The private placement signifies a strategic investment by HCI, a major shareholder, to support the Waterberg Project’s development and general corporate needs, while also restoring HCI’s ownership stake in Platinum Group Metals Ltd. to 26%.
How much was raised in the private placement and at what price per share?
Platinum Group Metals Ltd. raised US$1.008 million by issuing 800,000 common shares at US$1.26 per share.
When was the private placement completed?
The private placement was completed on May 29, 2025.
Where will the proceeds from the private placement be used?
The proceeds will be used for pre-construction and engineering work at the Waterberg Project in South Africa and for general corporate purposes.
Why does the deal qualify for exemptions under MI 61-101?
The deal qualifies for exemptions under MI 61-101 because HCI is a related party to Platinum Group Metals Ltd.
Who is involved in the development of the Waterberg Project?
The Waterberg Project is being jointly developed by Platinum Group Metals Ltd., Implats, Mnombo, and HJM.
Where can I find more information about Platinum Group Metals Ltd.?
More information about Platinum Group Metals Ltd. can be found on their website at www.PlatinumGroupMetals.net.
How can I stay updated on news relating to Platinum Group Metals Ltd.?
The latest news and updates relating to Platinum Group Metals Ltd. are available in the company’s newsroom at https://ibn.fm/PLG.
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