Platinum Group Metals Closes US$20.0 Million Bought Deal Financing
788 – 550 Burrard Street
Vancouver, BC V6C 2B5
P: 604-899-5450
F: 604-484-4710
News Release No. 17-342
April 26, 2017
PLATINUM GROUP METALS CLOSES US$20.0 MILLION
BOUGHT DEAL FINANCING
(Vancouver, British Columbia) Platinum Group Metals Ltd. (PTM-TSX; PLG -NYSE MKT)
(“Platinum Group Metals” or the “Company”) announces that further to its press release of April 18,
2017, it has closed its public offering of common shares (the “Offering”). Pursuant to the Offering,
the Company has issued 15,390,000 common shares (the “Shares”) at a price of US$1. 30 per Share,
for aggregate gross proceeds of US$ 20,007,000. BMO Capital Markets acted as the sole underwriter
for the Offering.
The net proceeds of the Offering will be used for (i) underground development and production ramp-up
of the Maseve Mine; (ii) working capital during start -up; (iii) repayment of the remaining US$2.5
million outstanding amount of a prior advance under the Company’s credit agreement with a syndicate
of lenders led by Sprott Resource Lending Partnership; and (iv) general corporate purposes.
The Offering was made pursuant to an effective shelf registration statement previously filed with the
U.S. Securities and Exchange Commission (the "SEC") and a corresponding Canadian bas e shelf
prospectus filed with the securities regulatory authority in each of the provinces of Canada, except
Quebec. A prospectus supplement relating to the Offering was filed with the SEC and with the
securities regulatory authority in each of the provinces of Canada, except Quebec.
A copy of the prospectus supplement and base shelf prospectus relating to the Offering in Canada may
be obtained by contacting BMO Capital Markets, Brampton Distribution Centre C/O The Data Group
of Companies, 9195 Torbram Road, Brampton, Ontario, L6S 6H2 or by telephone at (905) 791 -3151
Ext 4312 or by email at [email protected]. A copy of the prospectus supplement and
base shelf prospectus relating to the Offering in the United States may be obtained by contacting BMO
Capital Markets Corp., Attn: Equity Syndicate Department, 3 Times Square, 25 th Floor, New York,
NY 10036 (Attn: Equity Syndicate), or by telephone at (800) 414 -3627 or by email at
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of the Shares in any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of that jurisdiction.
About Platinum Group Metals Ltd.
Platinum Group is based in Johannesburg, South Africa and Vancouver, Canada. The Company's
business is currently foc used 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.
PLATINUM GROUP METALS LTD. …2
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
The Toronto Stock Exchange and the NYSE MKT LLC 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 s uch as: believe,
expect, anticipate, intend, estimate, plans, postulate and similar 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 of the Offering. 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 of the Offering 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, including the registration statement, base
shelf prospectus and prospectus supplement relating to the Offering, 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.