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Eastern Platinum Ltd. T.ELR

Alternate Symbol(s):  ELRFF

Consumer Cyclical Metals & Mining Industrial Metals & Minerals
Eastern Platinum Limited owns directly and indirectly a number of platinum group metals (PGM) and chrome assets in the Republic of South Africa. It is engaged in re-mining and processing of tailings at the Crocodile River Mine (CRM) and the exploration and development of other PGM and chrome properties located in various provinces in South Africa. All of the Company's properties are situated on the western limb (Crocodile River Mine) and eastern limb (Kennedy's Vale, Spitzkop, Mareesburg) of the Bushveld Complex, the geological environment that hosts approximately 80% of the PGM-bearing ore. Operations at the Crocodile River Mine include re-mining and processing its tailings resource to produce PGM and chrome concentrates from the Barplats Zandfontein tailings dam. Its six PGMs are platinum, palladium, rhodium, osmium, iridium and ruthenium. The Kennedy’s Vale and Spitzkop Project are situated on the Eastern limb of the Bushveld Complex 350 kilometers northeast of Johannesburg.


TSX:ELR - Post by User

Eastern Platinum Ltd.
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Post by Phipster99on Feb 06, 2017 9:57am
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Post# 25803840

Barplats Investments Limited Shareholders Reject Share Sale

Barplats Investments Limited Shareholders Reject Share Salehttps://www.juniorminingnetwork.com/junior-miner-news/press-releases/1024-tsx/elr/28983-eastern-platinum-barplats-investments-limited-shareholders-reject-share-sale.html

VANCOUVER, Feb. 6, 2017 /CNW/ - Eastern Platinum Limited ("Eastplats" or the "Company") announces that the shareholders of Barplats Investments Limited (BIL), in which Eastplats holds shares through a subsidiary of the Company, at a meeting held February 3, 2017 rejected a special resolution submitted to the meeting seeking approval of the sale of the shares of BIL's subsidiary, Barplats Mines Limited (which holds the Crocodile River Mine) to Hebei Zhongheng Tianda Platinum Co. Limited (HZT) pursuant to the Share Purchase Agreement dated June 28, 2016 (SPA) entered into by the former management of the Company.  The Company will be reporting further on the implications of the vote on the SPA and the outstanding lawsuit commenced by HZT.
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