Platinum Group Metals Announces Closing of Private Placement of US$20 Million 6 7/8% Convertible Senior Subordinated Notes due 2022
788 – 550 Burrard Street
Vancouver, BC V6C 2B5
P: 604-899-5450
F: 604-484-4710
News Release No. 17-347
June 30, 2017
Platinum Group Metals Announces Closing of Private
Placement of US$20 Million 6 7/8% Convertible Senior
Subordinated Notes due 2022
(Vancouver/Johannesburg) Platinum Group Metals Ltd. (PTM-TSX; PLG-NYSE MKT)
(“Platinum Group” or the “Company”) announces that its previously announced private
placement of US$20 million aggregate principal amount of 6 7/8% convertible senior
subordinated notes due 2022 (the "Notes") has closed.
The Company intends to use the net proceeds from the sale of the Notes for working
capital at the Maseve Mine; for work on the definitive feasibility study on the Waterberg
Project, which is now underway; for general and administrative expenses; and for general
working capital purposes.
The Notes were offered and sold to certain institutional investors in a transaction that is
exempt from the registration requirements of the U.S. Securities Act of 1933, as
amended (the "U.S. Securities Act"). This press release does not constitute an offer to
sell or the solicitation of an offer to buy these securities, nor shall it constitute an offer,
solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
The Notes and the Common Shares issuable upon the conversion of the Notes have not
been registered, and the Notes will not be registered, under the U.S. Securities Act and
may not be offered or sold absent registration or an applicable exempt ion from the
registration requirements of the U.S. Securities Act, and in Canada will be subject to a
four month restricted period from the issue date of the Notes.
About Platinum Group Metals Ltd.
Platinum Group is based in Johannesburg, South Africa and Vancouver, Canada. The
Company's business is currently focused on the operation of the Project 1 "Maseve"
platinum mine and the exploration and feasibility engineering on the newly discovered
Waterberg platinum and palladium deposit, where the Company is the operator of the
Waterberg JV Project with JOGMEC and Mnombo.
On behalf of the Board of
Platinum Group Metals Ltd.
“R. Michael Jones”
President and CEO
For further information contact:
R. Michael Jones, President
or Kris Begic, VP, Corporate Development
Platinum Group Metals Ltd., Vancouver
Tel: (604) 899-5450 / Toll Free: (866) 899-5450
www.platinumgroupmetals.net
PLATINUM GROUP METALS LTD. …2
The TSX and the NYSE MKT have not reviewed and do not accept responsibility for the accuracy
or adequacy of this news release, which has been prepared by management.
This press release contains forward-looking information within the meaning of Canadian securities
laws and forward-looking statements within the meaning of U.S. securities laws (collectively
"forward-looking statements"). Forward-looking statements are typically identified by words such
as: believe, expect, anticipate, intend, estimate, plans, postulate and si milar expressions, or are
those, which, by their nature, refer to future events. All statements that are not statements of
historical fact are forward -looking statements. Forward -looking statements in this press release
include, without limitation, statements regarding the use of proceeds from the sale of the Notes.
Although the Company believes the forward -looking statements in this press release are
reasonable, it can give no assurance that the expectations and assumptions in such statements
will prove to be correct. The Company cautions investors that any forward-looking statements by
the Company are not guarantees of future results or performance, and that actual results may
differ materially from those in forward-looking statements as a result of various factors, including,
but not limited to, that the Company's use of proceeds from the sale of the Notes may differ from
those indicated; uncertainty of production, development plans and cost estimates for the Maseve
Mine; additional financing requirements; the Company's ability to comply with the terms of its
indebtedness; cash flow risks; risks of delays in the production ramp -up of the Maseve Mine;
variations in market conditions; the nature, quality and quantity of any mineral deposits that may
be located; metal prices; other prices and costs; currency exchange rates; the Company's ability
to obtain any necessary permits, consents or authorizations required for its activities and to
comply with applicable regulations; the Company's ability to produce minerals from its properties
successfully or profitably, to continue its projected growth, or to be fully able to implement its
business strategies; and other risk factors described in the Company's Form 40 -F annual report,
annual information form and other filings with the SEC and Canadian securities regulators, which
may be viewed at www.sec.gov and www.sedar.com, respectively. Any forward-looking statement
speaks only as of the date on which it is made and, except as required by applicable securities
laws, the Company disclaims any intent or obligation to update any forward -looking statements,
whether as a result of new information, future events or results or otherwise.