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ATLATSA RESOURCES CORPORATION - Atlatsa Resources Corporation announces delay in filing of Q2 2017 financial statements

Release Date: 14/08/2017 17:45
Code(s): ATL     PDF:  
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Atlatsa Resources Corporation announces delay in filing of Q2 2017 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”)

ATLATSA RESOURCES CORPORATION ANNOUNCES DELAY IN FILING OF Q2 2017 FINANCIAL
STATEMENTS

August 14, 2017 – Atlatsa Resources Corporation (“Atlatsa” or the “Company”) (TSX: ATL; JSE: ATL)
announced today that, due to its recently announced financial restructure plan (the “Restructure Plan”)
with Anglo American Platinum Limited (“AAP”), it is not in a position to file its unaudited interim financial
statements for the three and six months ended June 30, 2017 and the related management’s discussion
and analysis and related CEO and CFO certificates by the August 14, 2017 filing deadline. At this time
it is uncertain as to when the Company will be able to finalize its financial statements and related
disclosures.

One of the salient features of the Restructure Plan is that AAP and Atlatsa have determined to place
Bokoni Mine on care and maintenance, owing to continuing operational losses in a depressed platinum
market. In order to maintain medium to longer term optionality for production to re-commence at Bokoni
Mine, AAP has agreed to fully fund a care and maintenance strategy for the operations up until
December 31, 2019. The care and maintenance strategy for Bokoni Mine will be reviewed on an
ongoing basis during this period, having regard to macro and micro economic fundamentals relating to
Bokoni Mine.

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 - Management Cease Trade
Orders (“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 will issue the
management cease trade order on August 15, 2017.

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 unaudited interim financial statements and MD&A
within the prescribed period of time. The Company confirms that there is no other material information
relating to its affairs that has not been generally disclosed.

Queries:

On behalf of Atlatsa
Joel Kesler
Chief Commercial Officer
Office: +27 11 779 6800
Email: Joel@atlatsa.com


JSE Sponsor:
One Capital Sponsor Services Proprietary Limited
Taryn Carter
Office: +27 11 550 5000
E-mail: sponsor@onecapital.co.za

Date: 14/08/2017 05:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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