EASTERN PLATINUM LIMITED - Eastern Platinum Limited Announces Investment By Way Of Private Placement

Eastern Platinum Limited Announces Investment By Way Of Private Placement

                          

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
(“Eastplats” or the “Company” or “the Group”)

October 27, 2016
Trading Symbol: ELR (TSX); EPS (JSE)

                             NEWS RELEASE

     EASTERN PLATINUM LIMITED ANNOUNCES INVESTMENT BY WAY OF PRIVATE
                                PLACEMENT

October 27, 2016, Vancouver, British Columbia - Eastern Platinum Limited (the “Company”) announces
that it intends to complete a private placement financing (the “Offering”) of approximately 18,435,360
common shares of the Company at a price of $0.56 per common share for aggregate gross proceeds of
approximately $10,323,801.60. The common shares to be issued under the Offering will represent
approximately 19.9% of the issued and outstanding common shares of the Company prior to completion of
the Offering.

The common shares issued under the Offering will be subject to a four month hold period. In connection with
the Offering, a 5.0% finder’s fee of the aggregate gross proceeds of the Offering in the amount of $516,190.08
will be payable in cash to an arm’s length party, Tier Financial Leasing (China) Co., Ltd. The Offering is
subject to the approval of the Toronto Stock Exchange. Closing is expected to occur on or about December
2, 2016.

For further information, please contact:
EASTERN PLATINUM LIMITED
Diana Hu, President and Chief Executive Officer
dhu@eastplats.com (email)
(604) 800-8200 (phone)

Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward-looking statements” or “forward-looking information” (collectively referred to
herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forward-looking
statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are
subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company.
Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by
the words “will”, “plan”, “intends”, “may”, “will”, “could”, “expects”, “anticipates” and similar expressions.

In particular, this press release contains forward-looking statements pertaining to the amount of the proceeds of the
Offering, the payment of the finder’s fee and the anticipated closing date of the Offering. These forward-looking
statements are based on assumptions made by and information currently available to the Company. Although
management considers these assumptions to be reasonable based on information currently available to it, they may prove
to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties and readers are
cautioned not to place undue reliance on these statements as a number of factors could cause actual results to differ
materially from the beliefs, plans, objectives, expectations, estimates and intentions expressed in such forward-looking
statements. These factors include, but are not limited to, commodity prices, economic conditions, currency fluctuations,
competition and regulations, legal proceedings and risks related to operations in foreign countries.
The forward-looking statements in this press release are made as of the date they are given and, except as required by
applicable securities laws, the Company disclaims any intention or obligation to publically update or revise any forward-
looking statements, whether as a result of new information, future events or otherwise.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the
information contained herein.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE
SERVICES

JSE Sponsor: PSG Capital Proprietary Limited



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