Platinum Group Metals Ltd. reported on May 29, 2025, the closing of its non-brokered private placement, as previously announced on May 12, 2025. The company issued 800,000 common shares to Hosken Consolidated Investments Limited (HCI) through its subsidiary Deepkloof Limited.
The shares were sold at a price of US$1.26 per common share, resulting in gross proceeds of US$1,008,000 for Platinum Group Metals. This transaction allowed HCI to return to a 26% interest in the company.
The net proceeds from this private placement are designated for Platinum Group's share of pre-construction site work, engineering, and preparation costs on the Waterberg Project in South Africa, in addition to general corporate and working capital purposes.
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