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PLN - Platmin Limited - Platmin confirms final date of TSX and JSE de-listings

Release Date: 19/12/2011 08:05
Code(s): PLN
Wrap Text

PLN - Platmin Limited - Platmin confirms final date of TSX and JSE de-listings and successful completion of the move of domicile to Guernsey Platmin Limited Incorporated in the accordance with the laws of British Columbia, Canada Registration number: C0848954 Share code on TSX: PPN Share code on JSE: PLN ISIN: CA72765Y1097 ("Platmin" or "the company") PLATMIN CONFIRMS FINAL DATE OF TSX AND JSE DE-LISTINGS AND SUCCESSFUL COMPLETION OF THE MOVE OF DOMICILE TO GUERNSEY December 16, 2011, TORONTO: Platmin Limited ("Platmin" or the "Company"; TSX: PPN; JSE: PLN) announced today that it has received confirmation from the Toronto Stock Exchange ("TSX") of its de-listing date. The Company`s shares will be de-listed from the TSX effective as at the close of business on December 23, 2011. The Company also confirms that the suspension of its listing on the JSE Limited ("JSE") will occur on December 22, 2011 and the last day for shareholders to trade the Company`s shares on the JSE will be December 21, 2011 as a result of December 27, 2011 being declared a public holiday in South Africa. The Company also confirms that on December 2, 2011, it filed the previously announced application for registration as a Guernsey company, and the continuance of its corporate residence from British Columbia, Canada to Guernsey became effective on December 9, 2011. Following its de-listing from the TSX and the JSE, the Company will still be a reporting issuer in terms of the Ontario Securities Commission ("OSC") (the Province of Ontario being the primary jurisdiction in which the Company reports) and each other jurisdiction in Canada where it has that status. As such, it will remain subject to certain continuous and timely reporting obligations under applicable securities laws, including filing financial statements and material change reports. The Company intends to comply with such obligations to the extent so required. As previously communicated, the Company has undertaken to The South African Reserve Bank ("SARB") and the JSE to pursue a re-listing of the Company`s shares within 12 months or before January 3, 2013. The Company expects the re-listing of its shares to take place as soon as the regional consolidation has taken place and the metal production build up is further advanced. About Platmin Platmin explores for, develops and operates platinum group metals ("PGM") deposits in South Africa. The Company`s principal current focus is the Pilanesberg Platinum Mine, which is building up to full production. In addition, the Company holds platinum interests on the eastern limb of the Bushveld Complex. Platinum`s long term goal is to become a significant producer of PGMs. For further information: Craig Shaw Chief Financial Officer +27 12 661 4280 Charmane Russell Russell & Associates +27 11 880 3924 +27 82 372 5816 Johannesburg 19 December 2011 Sponsor: Investec Bank Limited Date: 19/12/2011 08:05:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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