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Eastplats Reaches Agreement With Minority Interest Partners
EASTERN PLATINUM LIMITED
(Incorporated in Canada)
(Canadian Registration number BC0722783)
(South African Registration number 2007/006318/10)
Share Code TSX: ELR ISIN: CA2768555096
Share Code JSE: EPS ISIN: CA2768555096
July 4, 2016
Trading Symbol: ELR (TSX); EPS (JSE)
NEWS RELEASE
EASTPLATS REACHES AGREEMENT WITH MINORITY INTEREST PARTNERS
July 4, 2016, Vancouver, British Columbia – On June 28, 2016, Eastern Platinum Limited (“Eastplats”
or the “Company”) announced that it had reached a definitive agreement with Hebei Zhongheng Tianda
Platinum Co. Limited (“HZT”), a private company incorporated in the People’s Republic of China
(“PRC”), whereby HZT would acquire Crocodile River Mine, and associated intercorporate investments
and loans, for total consideration of US$50 million (the “Acquisition”). As part of the acquisition by
HZT, the Company is also required to buy out certain minority interests.
In this regard, the Company announces that it has reached agreement with certain holders of the minority
interests to buy their interests in all the Company’s projects, including but not limited to, the Crocodile
River Mine for a total of US$13,366,609. This contrasts with the US$25,737,000 which was proposed to
be paid for the same minority interests in connection with the transaction with Hebei Zhongbo Platinum
Co. Ltd. ("Hebei Zhongbo") as disclosed by way of news release dated January 6, 2015 which transaction
did not proceed.
As further reported in the news release dated June 28, 2016, HZT has represented and warranted that it is
not connected with Hebei Zhongbo. As such, the 10% finder’s fee applicable to the Hebei Zhongbo
transaction will not apply to the transaction with HZT and no finder’s fee is payable.
For further information, please contact:
EASTERN PLATINUM LIMITED JSE SPONSOR
David Cohen, President and CEO David Tosi
+1-604-689-9663 (tel) PSG Capital (Pty) Limited
+1-604-434-1487 (fax) Email: davidt@psgcapital.com
info@eastplats.com Tel: +27 21 887 9602
www.eastplats.com
No stock exchange, securities commission or other regulatory authority has approved or disapproved
the information contained herein.
Cautionary Statement Regarding Forward-Looking Information
This press release contains ‘forward-looking information’ within the meaning of Canadian securities legislation. Forward-
looking information in this press release includes information about the completion, timing and potential benefits of the proposed
transaction between Eastplats and HZT. These forward-looking statements are subject to a variety of risks and uncertainties
which could cause actual events or results to differ materially from those anticipated, including, the contemplated transaction not
being completed as a result of a number of factors including, without limitation, the shareholders of Eastplats not approving the
transaction or required regulatory approvals not being obtained; and other risks and uncertainties. Readers should not place
undue reliance on the forward-looking information contained in this news release. Eastplats does not undertake to update any
forward-looking information, except as required by applicable securities laws.
Date: 05/07/2016 07:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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