Eastern Platinum Limited Announces Extension of Expiry Date for Warrants
Eastern Platinum Limited Announces
Extension of Expiry Date for Warrants
Vancouver, British Columbia--(Newsfile Corp. - May 19, 2022) - Eastern Platinum Limited (TSX: ELR)
(JSE: EPS) ("
Eastplats
" or the "
Company
") announces that it has received conditional acceptance
from the Toronto Stock Exchange to extend the expiry date of 5,960,000 of its outstanding unlisted
common share purchase warrants (the "
Warrant
s") originally issued on June 26, 2020, in conjunction
with the previously disclosed settlement agreement with AlphaGlobal Capital Inc. For further information
concerning the original issuance of the Warrants, please refer to the press release of the Company
dated June 26, 2020.
Each Warrant currently entitles the holder to purchase one common share at a price of CDN$0.24 per
common share at any time up to 5:00 p.m. local time in Vancouver, British Columbia on June 26, 2022
(the "
Expiry Date
"). Effective on June 3, 2022, the Company will extend Expiry Date to June 26, 2023.
All of the other warrant terms remain unchanged.
About Eastern Platinum Limited
Eastplats owns directly and indirectly a number of platinum group metal ("
PGM
") and chrome assets in
the Republic of South Africa. All of the Company's properties are situated on the western and eastern
limbs of the Bushveld Complex, the geological environment that hosts approximately 80% of the world's
PGM-bearing ore.
Operations at the Crocodile River Mine currently include re-mining and processing its tailings resource
to produce PGM and chrome concentrates from the Barplats Zandfontein tailings dam.
For further information, please contact:
EASTERN PLATINUM LIMITED
Wylie Hui, Chief Financial Officer & Corporate Secretary
(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," "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 extension of the
expiry date of the Warrants. 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, lower
than expected grades and quantities of resources, need for additional funding, availability of such
additional funding and that funding will be on acceptable terms, 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/124586