Eastern Platinum Ltd. T.ELR

Alternate Symbol(s): ELRFF

Eastern Platinum Limited owns directly and indirectly a number of platinum group metals (PGM) and chrome assets in the Republic of 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 world’s PGM-bearing ore. Operations at the Crocodile River Mine include re-mining and processing its tailings resource from the Barplats Zandfontein tailings dam and mining and processing ore from the Zandfontein underground section to both produce PGM and chrome concentrates. The Kennedy’s Vale and Spitzkop Project are situated on the Eastern limb of the Bushveld Complex 350 kilometers (km) northeast of Johannesburg. Mareesburg is an open-cut PGM project on a 2,129- hectares area in the southern part of the eastern limb of the Bushveld Complex, in the Limpopo Province of South Africa.

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Eastern Platinum Ltd.

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Comment by FreedomFun55on Sep 16, 2015 2:00pm

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Post# 24109449

RE:RE:RE:RE:RE:RE:Approval for ALL ASSETS

Looks like it was allways structured as two separte transactions right frrom the beginning.

However, Hebei would really tarnish its image & future prospects of expansion in South Africa if they bail at this point - imo... Anyways, ultimately Hebei is in our out - only time will tell... GLTA

https://www.investorx.ca/Doc/896VZRFMN9/2015/01/07/eastern-platinum-limited/management-information-circular-english Page 9:

"On this basis, the Company and the Hebei Group signed a non-binding MOI on September 20, 2014. As part of the MOI, it was agreed that the Company would grant the Hebei Group a 45-day period from the date of signing of the MOI within which to complete due diligence, finalize negotiations and the terms of formal acquisition agreements, with a period of exclusivity to expire on October 31, 2014. As part of the deal, it was further agreed that in order to provide the Hebei Group with the ability to select its own BEE partners to participate in the ongoing operations and development, the majority of the interests of the Company’s existing BEE partners would be included in the Transaction, and as a result, the Company would have to buy out the majority of its BEE partners on closing. The Hebei Group would then enter into new BEE agreements to re-empower the assets in South Africa at their discretion. It was also agreed that the sale of the Assets would be structured intwo separate transactions and acquisition agreements, one for the Company’s Crocodile River Mine and Kennedy’s Vale properties, and the other for the Company’s Spitzkop and Mareesburg properties."