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.

TSX:ELR - Post by User

Eastern Platinum Ltd.

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Comment by FreedomFun55on Mar 31, 2016 9:53am

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Post# 24714704

RE:RE:Financials on SEDAR.

From finanacials - P.48: "26. Subsequent event On January 31, 2016, Ian Rozier stepped down as President and Chief Executive Officer (CEO) of the Company and David Cohen, Chairman of the Company, assumed the role of President and CEO. Mr. Rozier remained as a director of the Company. Mr. Roziers services were provided pursuant to a management services contract with Buccaneer Management Inc. (Buccaneer), a private company controlled by Mr. Rozier. In accordance with the management services contract, Buccaneer was paid a termination amount of Cdn$1.96 million ($1,400) on January 31, 2016." "Stepped Down" or gotten rid off ??? Nice parachute for the crook...

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