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 Phipster99on Sep 05, 2016 3:28pm

69 Views

Post# 25208258

RE:RE:RE:RE:RE:RE:RE:RE:RE:Takeover bid

Never mind looks like I am not correct. Warthog is correct.

Entering into lockup agreements with major target shareholders to secure their participation in a deal is common in both Canada and the United States. Entering into a lockup agreement is an alternative to acquiring a toehold or, in Canada, relying on the private agreement exemption to acquire target shares in advance of a formal offer. Under a lockup agreement, an acquiror may agree to pay more than the 15% premium permitted under Canada’s private agreement exemption as long as it offers identical consideration to all target shareholders.

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These cold weather stocks are looking to heat up for winter