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ATLATSA RESOURCES CORPORATION - Update on delay in filing of unaudited interim financial statements

Release Date: 23/10/2015 14:00
Code(s): ATL     PDF:  
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Update on delay in filing of unaudited interim financial statements

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

UPDATE ON DELAY IN FILING OF UNAUDITED INTERIM FINANCIAL STATEMENTS

October 23, 2015 – Atlatsa Resources Corporation (“Atlatsa” or the “Company”) (TSX: ATL; JSE: ATL)
announced on August 14, 2015 that due to the uncertainties surrounding its operations, financial condition and
the state of commodity markets, it was not in a position to file its unaudited interim financial statements for the
three and six months ended June 30, 2015 (“Financial Statements”) and the related management’s discussion
and analysis (“MD&A”) and related Chief Executive Officer and Chief Financial Officer certificates. At this
time it remains uncertain as to when the Company will be able to finalize its Financial Statements and related
disclosures.

As previously announced, Atlatsa remains in discussions with Anglo American Platinum Limited surrounding
the future sustainability of Bokoni Mine as well as potential alternative financial support for the Company,
having regard to current challenges within the South African platinum industry. As previously disclosed in
Section 1.11 “Liquidity” of the MD&A of Financial Condition and Results of Operations for the year ended
December 31, 2014 and note 2 “Going Concern” of the Consolidated Financial Statements for the year ended
December 31, 2014 filed on SEDAR and EDGAR, significant doubt remains regarding the Company's ability to
continue as a going concern. No assurances can be given that the issues being faced by the Company will be
resolved.

The Company has made and the British Columbia Securities Commission, as principal regulator for the
Company, has approved an application under National Policy 12-203 – Cease Trade Orders for Continuous
Disclosure Defaults (“NP 12-203”) requesting that a management cease trade order be imposed in respect of
this late filing rather than an issuer cease trade order. The issuance of a management cease trade order generally
does not affect the ability of persons who have not been directors, officers or insiders of the Company to trade
in their securities. The British Columbia Securities Commission issued the management cease trade order on
Monday, August 17, 2015.

The Company confirms that it will satisfy the provisions of the alternative information guidelines under NP 12-
203 by issuing bi-weekly default status reports in the form of news releases for so long as it remains in default
of the filing requirements to file its Financial Statements and MD&A within the prescribed period of time. The
Company confirms that there has been no failures with respect to the Company fulfilling its stated intention of
satisfying the requirements of the alternative information guidelines and further confirms that there is no other
material information relating to the status of the default and its affairs that has not been generally disclosed.


On behalf of Atlatsa
Prudence Lebina
Head of Investor Relations
Office: +27 11 779 6800
Email: PrudenceL@atlatsa.com

JSE Sponsor:
One Capital
Kathy Saunders / Taryn Carter
Office: +27 11 550 5000

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