Eastplats Announces Voting Results Of The Annual General Meeting Of Shareholders And A Construction Update
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”)
June 15, 2018
Trading Symbol: ELR (TSX); EPS (JSE)
EASTPLATS ANNOUNCES VOTING RESULTS OF THE ANNUAL GENERAL MEETING OF
SHAREHOLDERS AND A CONSTRUCTION UPDATE
June 15, 2018, Vancouver, British Columbia – Eastern Platinum Limited (“Eastplats” or the “Company”) is pleased
to announce that all of the nominees proposed as directors and listed in the management information circular dated
May 10, 2018 (the “Circular”) were elected as directors of Eastplats at its annual general meeting of shareholders
held on June 14, 2018 (the “Meeting”). At the Meeting, PricewaterhouseCoopers LLP were also re-appointed as
auditors of Eastplats.
Detailed results of the vote for the election of directors held at the Meeting are set out below:
Business Outcome of Vote Votes For Votes Withheld
(a) Diana Hu; Approved 52,085,543 24,447
(b) Michael Cosic; Approved 52,085,601 24,389
(c) George Dorin; Approved 52,087,236 22,754
(d) Bielin Shi; Approved 52,080,850 29,140
(e) Nigel K. Dentoom; and Approved 52,087,336 22,654
(f) Xin (Alex) Guan Approved 52,081,685 28,305
as directors of the Company.
Construction of the Retreatment Project
As previously disclosed, on March 1, 2018, the Company and its subsidiary Barplats Mines (Pty) Limited (“Barplats”)
entered into a framework agreement (the “UG Agreement”) with Union Goal Offshore Solutions Limited (“Union
Goal”) relating to construction, mining and processing of the tailing resource and offtake of chrome concentrate from
the Barplats Zanfontein UG2 tailings facility (the “Retreatment Project”) located at the Company’s Crocodile River
Mine in South Africa (“CRM”). The Company and Union Goal have extended the completion of all the conditions
precedent of the UG Agreement until July 15, 2018.
The Company continues the construction phase of the Retreatment Project with the expected completion date
estimated at the end of Q3 2018. Construction work on the chrome processing circuit continues to progress well while
work continues on schedule at the tailings facility to prepare for the mining phase and good progress continues on
building the walls for the deposition of tailings with the target for initial production remaining the fall of 2018. The
estimated total capital requirements for Barplats in relation to the Retreatment Project remain at ZAR 191,242,000
(US$14,389,000) with costs in the amount of ZAR32,759,000 (US$ 2,465,000) incurred to May 31, 2018.
For further information, please contact:
EASTERN PLATINUM LIMITED
Rowland Wallenius, Chief Financial Officer and Corporate Secretary
(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. Further disclosure of the risks and uncertainties facing the Company and other forward-looking
statements are discussed in the Company’s Annual Information Form and Management’s Discussion and Analysis
which are available under the Company’s profile on www.sedar.com.
In particular, this press release contains forward-looking statements pertaining to: the timing of completion of the
conditions precedent to the UG Agreement, estimated timing of construction and initial production of the Retreatment
Project, and estimated capital requirements for the Retreatment Project. 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 publicly 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
Date: 15/06/2018 08:45:00 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.
Email this JSE Sens Item to a Friend.