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PLN
PLN
PLN - Platmin Limited - Platmin confirms final date of TSX and JSE de-listings
and successful completion of the move of domicile to Guernsey
Platmin Limited
Incorporated in the accordance with the laws of British Columbia, Canada
Registration number: C0848954
Share code on TSX: PPN
Share code on JSE: PLN
ISIN: CA72765Y1097
("Platmin" or "the company")
PLATMIN CONFIRMS FINAL DATE OF TSX AND JSE DE-LISTINGS AND SUCCESSFUL COMPLETION
OF THE MOVE OF DOMICILE TO GUERNSEY
December 16, 2011, TORONTO: Platmin Limited ("Platmin" or the "Company"; TSX:
PPN; JSE: PLN) announced today that it has received confirmation from the
Toronto Stock Exchange ("TSX") of its de-listing date. The Company`s shares will
be de-listed from the TSX effective as at the close of business on December 23,
2011.
The Company also confirms that the suspension of its listing on the JSE Limited
("JSE") will occur on December 22, 2011 and the last day for shareholders to
trade the Company`s shares on the JSE will be December 21, 2011 as a result of
December 27, 2011 being declared a public holiday in South Africa.
The Company also confirms that on December 2, 2011, it filed the previously
announced application for registration as a Guernsey company, and the
continuance of its corporate residence from British Columbia, Canada to Guernsey
became effective on December 9, 2011.
Following its de-listing from the TSX and the JSE, the Company will still be a
reporting issuer in terms of the Ontario Securities Commission ("OSC") (the
Province of Ontario being the primary jurisdiction in which the Company reports)
and each other jurisdiction in Canada where it has that status. As such, it
will remain subject to certain continuous and timely reporting obligations under
applicable securities laws, including filing financial statements and material
change reports. The Company intends to comply with such obligations to the
extent so required.
As previously communicated, the Company has undertaken to The South African
Reserve Bank ("SARB") and the JSE to pursue a re-listing of the Company`s shares
within 12 months or before January 3, 2013. The Company expects the re-listing
of its shares to take place as soon as the regional consolidation has taken
place and the metal production build up is further advanced.
About Platmin
Platmin explores for, develops and operates platinum group metals ("PGM")
deposits in South Africa. The Company`s principal current focus is the
Pilanesberg Platinum Mine, which is building up to full production. In addition,
the Company holds platinum interests on the eastern limb of the Bushveld
Complex. Platinum`s long term goal is to become a significant producer of PGMs.
For further information:
Craig Shaw
Chief Financial Officer
+27 12 661 4280
Charmane Russell
Russell & Associates
+27 11 880 3924
+27 82 372 5816
Johannesburg
19 December 2011
Sponsor: Investec Bank Limited
Date: 19/12/2011 08:05:01 Produced by the JSE SENS Department.
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