Eastern Platinum Completes CDN$348 Million Financing
30 Dezember 2010 - 3:21PM
UK Regulatory
TIDMELR
Eastern Platinum Completes CDN$348 Million Financing
FOR: EASTERN PLATINUM LIMITED
TSX, AIM SYMBOL: ELR
JSE SYMBOL: EPS
December 30, 2010
Eastern Platinum Completes CDN$348 Million Financing
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 30, 2010) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Eastern Platinum Limited (the "Company") (TSX:ELR)(AIM:ELR)(JSE:EPS) is pleased to announce that it has
completed its previously announced Cdn.$347,587,500 equity financing (the "Offering"). A total of 224,250,000
common shares, including the exercise of the full over-allotment option, has been issued today at a price of
C$1.55 per share to a syndicate of underwriters led by Canaccord Genuity Corp. and UBS Securities Canada Inc.,
and including GMP Securities LP, Goldman Sachs Canada Inc., Raymond James Ltd. and Paradigm Capital Inc.
The common shares were sold by way of a short form prospectus in each of the provinces and territories of
Canada other than Quebec.
Application has been made for the new common shares to be admitted for trading on AIM and trading is expected
to commence at 8:00am on December 31, 2010. The new common shares will rank pari passu with the existing common
share capital of the Company.
Eastern Platinum Limited is a platinum group metals (PGM) producer engaged in the acquisition, development and
mining of PGM properties located in various provinces in South Africa. All of the Company's properties are
situated on the western and eastern limbs of the Bushveld Complex, the geological environment that supports
over 70% of the world's PGM supply.
Total shares issued and outstanding - 907,589,534 (post-closing of the Offering)
S&P TSX Composite Index
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Eastern Platinum Limited
Ian Rozier
President & C.E.O.
+1-604-685-6851
+1-604-685-6493 (FAX)
info@eastplats.com
www.eastplats.com
OR
NOMAD:
Canaccord Genuity Limited, London
Ryan Gaffney / Ryan Cohen
+44 20 7050 6500
rgaffney@canaccordgenuity.com
rcohen@canaccordgenuity.com
OR
JSE SPONSOR:
PSG Capital (Pty) Limited
Johan Fourie
+27 21 887 9602
johanf@psgcapital.com
Eastern Platinum Limited
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