Receipt of the British Columbia Securities Commission for the Filing of the Final Prospectus
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
December 22, 2010 Trading Symbol: ELR (TSX & AIM) EPS (JSE)
S&P TSX Composite Index
NEWS RELEASE
RECEIPT OF THE BRITISH COLUMBIA SECURITIES COMMISSION FOR THE FILING OF THE FINAL PROSPECTUS
Eastern Platinum Limited (the “Company”) is pleased to report that it has obtained a receipt on December 21, 2010 in connection with the filing of the Company’s final short form prospectus dated December 20, 2010 in all provinces of Canada (other than Quebec). The prospectus qualifies the distribution of common shares of the Company for gross proceeds of Cdn.$302,250,000 (assuming no exercise of the over-allotment option) announced on November 23, 2010.
The Company anticipates that the equity offering will close on or about December 30, 2010 subject to customary conditions.
Total shares issued and outstanding – 683,314,903
For further information, please contact:
Ian Rozier, President & C.E.O.
Tel: +1-604-685-6851 Fax: +1-604-685-6493 [email protected] www.eastplats.com
NOMAD:
Ryan Gaffney / Ryan Cohen Canaccord Genuity Limited, London Email: [email protected] / [email protected] Tel: +44 20 7050 6500
JSE SPONSOR:
Johan Fourie PSG Capital (Pty) Limited Email: [email protected] Tel: +27 21 887 9602
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Cautionary Statement on Forward-Looking Information
Certain statements contained in this news release constitute forward-looking statements including proposed closing date of the financing. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company’s plans to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements including market conditions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made, and readers are advised to consider such forward-looking statements in light of the risks set forth in the Company’s Annual Information Form dated March 31, 2010, a copy of which is available at www.sedar.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the U.S. Securities Act of 1933.