To view the PDF file, sign up for a MySharenet subscription.

EPS - Eastern Platinum Limited - Eastern Platinum completes CDN$348 Million

Release Date: 31/12/2010 08:00
Code(s): EPS
Wrap Text

EPS - Eastern Platinum Limited - Eastern Platinum completes CDN$348 Million financing EASTERN PLATINUM LIMITED (Incorporated in Canada) (Canadian Registration number BC0722783) (South African Registration number 2007/006318/10) Share Code TSX: ELR ISIN: CA2768551038 Share Code AIM: ELR ISIN: CA2768551038 Share Code JSE: EPS ISIN: CA2768551038 NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES December 31, 2010 Trading Symbol: ELR (TSX & AIM) EPS (JSE) S&P TSX Composite Index NEWS RELEASE EASTERN PLATINUM COMPLETES CDN$348 MILLION FINANCING Eastern Platinum Limited (the "Company") is pleased to announce that it has completed its previously announced Cdn.$347,587,500 equity financing (the "Offering"). A total of 224,250,000 common shares, including the exercise of the full over-allotment option, has been issued today at a price of C$1.55 per share to a syndicate of underwriters led by Canaccord Genuity Corp. and UBS Securities Canada Inc., and including GMP Securities LP, Goldman Sachs Canada Inc., Raymond James Ltd. and Paradigm Capital Inc. The common shares were sold by way of a short form prospectus in each of the provinces and territories of Canada other than Quebec. Application has been made for the new common shares to be admitted for trading on AIM and trading is expected to commence at 8:00am on December 31, 2010. The new common shares will rank pari passu with the existing common share capital of the Company. Eastern Platinum Limited is a platinum group metals (PGM) producer engaged in the acquisition, development and mining of PGM properties located in various provinces in South Africa. All of the Company`s properties are situated on the western and eastern limbs of the Bushveld Complex, the geological environment that supports over 70% of the world`s PGM supply. Total shares issued and outstanding - 907,589,534 (post-closing of the Offering) For further information, please contact: Ian Rozier, President & C.E.O. +1-604-685-6851 (tel) +1-604-685-6493(fax) info@eastplats.com www.eastplats.com NOMAD: Ryan Gaffney / Ryan Cohen Canaccord Genuity Limited, London Email: rgaffney@canaccordgenuity.com / rcohen@canaccordgenuity.com +44 20 7050 6500 JSE SPONSOR: Johan Fourie PSG Capital (Pty) Limited Email: johanf@psgcapital.com Tel: +27 21 887 9602 Date: 31/12/2010 08:00:01 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.

Share This Story