Platinum Group Metals Closes US$28.75 Million Bought Deal Financing Including Full Exercise of over-Allotment Option
788 – 550 Burrard Street
Vancouver, BC V6C 2B5
P: 604-899-5450
F: 604-484-4710
News Release No. 17-336
January 31, 2017
PLATINUM GROUP METALS CLOSES US$28.75 MILLION
BOUGHT DEAL FINANCING INCLUDING FULL EXERCISE OF OVER-ALLOTMENT
OPTION
(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 January
23, 2017, it has closed its public offering of common shares (the “Offering”) , including the full
exercise of the over -allotment option granted to the underwriters in connection with the Offering .
Pursuant to the Offering, and including the full exercise of the over -allotment option, the Company
has issued 19,693,750 common shares (the “Shares”) at a price of US$1. 46 per Share, for aggregate
gross proceeds of US$ 28,752,875. A syndicate led by BMO Capital Markets , which also included
Macquarie Capital Markets Canada Ltd., acted as the underwriters 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, and (iii) general corporate purposes.
The Offering was made pursuant to an effective shelf registration statemen t previously filed with the
U.S. Securities and Exchange Commission (the "SEC") and a corresponding Canadian base shelf
prospectus filed with the securities regulatory authority in each of the provinces of Canada, except
Quebec. A prospectus supplement rel ating 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 b y 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
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 focused on the operation of the Project 1 "Maseve" platinum mine and the
exploration and feasibility engineering on the newly discovered Waterberg pla tinum and palladium
PLATINUM GROUP METALS LTD. …2
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
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 such
as: believe, expect, anticipate, i ntend, 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 rele ase
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, an nual 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 o bligation to update any forward -
looking statements, whether as a result of new information, future events or results or otherwise.