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Eastplats Receives Petition Seeking Leave to Commence a Derivate Action
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
December 31, 2020
NEWS RELEASE
EASTPLATS RECEIVES PETITION SEEKING LEAVE TO COMMENCE A DERIVATIVE ACTION
December 31, 2020, Vancouver, British Columbia – Eastern Platinum Limited (“Eastplats” or the
“Company”) announces that it has received a petition filed with the Supreme Court of British Columbia,
by Xiaoling Ren, a shareholder of the Company, seeking leave from the court to commence a derivative
action on behalf of the Company against certain of its current and former directors. Ms. Ren is represented
by the same law firm who filed a similar petition in November 2018 (See News Release of November 9,
2018) that was dismissed by the Supreme Court of British Columbia (see News Release of August 29, 2019)
in a decision affirmed by the Court of Appeal for British Columbia (see News Release of November 17, 2020).
The Company will seek advice and make a recommendation on the appropriate action.
For further information, please contact:
EASTERN PLATINUM LIMITED
Rowland Wallenius, Corporate Secretary and Chief Financial Officer
Rwallenius@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 timing and actions of
the Company. 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
The Company has a primary listing on the Toronto Stock Exchange and a secondary listing on the JSE Limited.
JSE Sponsor
PSG Capital
Date: 31-12-2020 08:45:00
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