ELR Eastern Plat

 
TIDMELR 
 
Eastern Platinum Limited: Final Credit Approval Received for US$100 Million Debt Finance 
NEWS RELEASE TRANSMITTED BY MARKETWIRE 
 
FOR:  EASTERN PLATINUM LIMITED 
 
TSX, AIM SYMBOL:  ELR 
JSE SYMBOL:  EPS 
 
February 1, 2011 
 
Eastern Platinum Limited: Final Credit Approval Received for US$100 Million Debt Finance 
 
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 1, 2011) - Eastern Platinum Limited (the "Company" or 
"Eastplats") (TSX:ELR)(AIM:ELR)(JSE:EPS) is pleased to report that further to its press release of October 28, 
2010 announcing the signing of a mandate letter, it has now received formal letters of commitment to underwrite 
a US$100 million financing package to be used to part fund the development costs of its Mareesburg Project and 
the construction costs of the associated concentrator. As previously reported, the mandated lead arrangers are 
UniCredit Bank AG, London Branch and The Standard Bank of South Africa Limited (together the "MLAs"). 
 
The commitments are on the basis of detailed term sheets which have been agreed with the Company and the MLAs. 
The terms and conditions of the financing package include: 
 
/T/ 
 
=-  Underwriting by MLAs on a 50/50 basis and not subject to syndication 
=-  Scheduled tenor of 5.5 years with an 18 month grace period 
=-  Separate term loan and revolving loan facilities 
=-  Initial interest rate of US LIBOR + 3.85% rising to US LIBOR + 4.15% for 
    the last three years of the loan. US one-month LIBOR currently sits at 
    approximately 0.26%. 
=-  No hedging 
 
/T/ 
 
The underwriting commitments of the MLAs are subject to acceptable legal documentation and customary conditions 
precedent. 
 
Upon the completion of the legal documentation, the Company will have approximately US$450 million in cash and 
undrawn credit facilities available for development of its Eastern Limb projects and for general corporate 
purposes. 
 
Total shares issued and outstanding: 908,041,254 
 
Certain statements included herein constitute "forward-looking statements" within the meaning of applicable 
Canadian securities legislation. These forward-looking statements are based on certain assumptions by Eastplats 
and as such are not a guarantee of future performance. Actual results could differ materially from those 
expressed or implied in such forward-looking statements due to factors such as general economic and market 
conditions, increased costs of production and a decline in metal prices. Eastplats is under no obligation to 
update or revise any forward-looking statements, whether as a result of new information, future events or 
otherwise, except as required by applicable laws. 
 
S&P TSX Composite Index 
 
 
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FOR FURTHER INFORMATION PLEASE CONTACT: 
 
Eastern Platinum Limited 
Investor Relations 
+1-604-685-6851 
+1-604-685-6493 (FAX) 
info@eastplats.com 
www.eastplats.com 
 
OR 
 
NOMAD: 
Canaccord Genuity Limited, London 
Mark Williams / Ryan Cohen 
+44 20 7050 6500 
mwilliams@canaccordgenuity.com 
rcohen@canaccordgenuity.com 
 
OR 
 
JSE SPONSOR: 
PSG Capital (Pty) Limited 
Johan Fourie 
+27 21 887 9602 
johanf@psgcapital.com 
 
No stock exchange, securities commission or other regulatory authority has approved or disapproved the 
information contained herein. 
 
 
INDUSTRY:  Manufacturing and Production-Mining and Metals 
SUBJECT:   FNC 
 
 
 
 
Eastern Platinum Limited 
 

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