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ATLATSA RESOURCES CORPORATION - Atlatsa Commences Final Phase of Restructure Plan

Release Date: 16/01/2014 15:00
Code(s): ATL     PDF:  
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Atlatsa Commences Final Phase of Restructure Plan

Atlatsa Resources Corporation
(previously Anooraq Resources Corporation)
(Incorporated in British Columbia, Canada)
(Registration number 10022-2033)
(TSXV/JSE share code: ATL)
(NYSE MKT share code: ATL)
(“Atlatsa” or the “Company”)
(ISIN: CA0494771029)
                              

ATLATSA COMMENCES FINAL PHASE OF RESTRUCTURE PLAN

ANGLO AMERICAN PLATINUM TO SUBSCRIBE FOR 125 MILLION COMMON SHARES IN
ATLATSA FOR ZAR 750 MILLION (US$ 70 MILLION)

16 January 2014, Johannesburg: Atlatsa Resources Corporation (“Atlatsa”) (TSXV: ATL; NYSE MKT:
ATL; JSE:ATL) is pleased to announce that it has commenced with implementation of the final stage of
its group restructure plan, previously announced on 27 March, 2013 (“Restructure Plan”).

The final phase of the Restructure Plan comprises a series of transactions between Atlatsa and Anglo
American Platinum Ltd’s wholly owned subsidiary, Rustenberg Platinum Mines Ltd (“Anglo American
Platinum”), resulting in Anglo American Platinum subscribing for 125 million new common shares in
Atlatsa for an aggregate subscription price of ZAR 750 million (US$ 70 million).

In terms of the Restructure Plan, the proceeds from the equity financing will be utilized by Atlatsa to
further reduce its balance sheet debt and, consequently, reduce its cost of borrowing.

Atlatsa anticipates that its Restructure Plan will be fully completed by early February 2014.

Full details of the Restructure Plan can be found in Atlatsa’s news release of March 27, 2013 or
www.atlatsaresources.co.za.

Johannesburg
16 January 2014

JSE Sponsor
Macquarie First South Capital Proprietary Limited


For further information:

On behalf of Atlatsa Resources                                   Russell and Associates                 Macquarie First South Capital

Joel Kesler, Chief Commercial Officer                            Pam Wolstenholme                       Annerie Britz

Office: +27 11 779 6800                                          Office: +27 11 880 3924                Office: +27 11 583 2000

Mobile: +27 82 454 5556                                          Mobile: +27 82 872 6387


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. The NYSE MKT LLC has neither approved nor disapproved the contents of this press release.
Cautionary and forward-looking information

This document contains “forward-looking statements” that were based on Atlatsa’s expectations,
estimates and projections as of the dates as of which those statements were made, including
statements relating to the Atlatsa group Restructure Plan and anticipated financial or operational
performance. Generally, these forward- looking statements can be identified by the use of forward-
looking terminology such as “may”, “will”, “outlook”, “anticipate”, “project”, “target”, “believe”, “estimate”,
“expect”, “intend”, “should” and similar expressions.

Atlatsa believes that such forward-looking statements are based on material factors and reasonable
assumptions, including the following assumptions: that the final phase of the Restructure Plan will
complete in a timely manner and will have the anticipated positive impact on Atlatsa’s financial
condition.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors
that may cause the Company’s actual results, level of activity, performance or achievements to be
materially different from those expressed or implied by such forward-looking statements. These include
but are not limited to uncertainties related to the completion of the Restructure Plan in a timely manner,
and the risk that the anticipated financial condition improvements will not be achieved.

For further information on Atlatsa, investors should review the Company’s annual Form 20-F filing with
the United States Securities and Exchange Commission www.sec.gov and annual information form for
the year ended 31 December 2012 and other disclosure documents that are available on SEDAR at
www.sedar.com.

Date: 16/01/2014 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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