Cape Town, South Africa, February 15, 2022 /CNW/ – Hosken Consolidated Investments Limited (“HCI“) announced today that the February 11, 2022 it acquired, through a private placement through its subsidiary deep kloof Limited, 3,539,823 ordinary shares of Platinum Group Metals Ltd. (TSX:MTP; US NYSE:PLG) (“MTP“) at the price of $1,695 per share for a total consideration of $6,000,000.
As of the date of the last alert report, HCI held 20,081,988 common shares, representing 31.591% of the issued and outstanding common shares of PTM. Immediately prior to the acquisition, HCI held 21,297,526 common shares of PTM, representing 23.06% of the issued and outstanding common shares of PTM. This acquisition brings HCI’s total ownership interest in the common shares of PTM to 24,837,349, or 25.90%, representing a 5.691% reduction in HCI’s position.
HCI is a South African black empowerment investment holding company with a 430 million US dollars market capitalization, listed on the JSE Securities Exchange. It is incorporated under the laws of South Africa and its registered office is at 8th Floor The Point 76 Regent Road Sea Point Cape Town 8005.
The securities of PTM were purchased and are currently held by HCI for investment purposes. In the future, HCI or its affiliates may acquire or dispose of additional securities of PTM subject to a number of factors, including general market and economic conditions and other trading opportunities. investment and business available.
A copy of the alert report to which this press release relates may be obtained on the issuer’s SEDAR profile at www.sedar.com.
SOURCE Hosken Consolidated Investments Limited