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.

Bullboard Posts

Comment by kw12345on Oct 27, 2016 6:35pm

160 Views

Post# 25395592

RE:Legal: Request TSX Investigation

thank you to warthogART and stoktrdr for the e-mail addresses at the TSX
I will be drafting a letter and sending it out tonight.

Share price closed Wednesday @ 0.70
If this private placement financing @ 0.56 is not illegal, it certainly should be.

Surely, a "private placement financing" is not what I think it is.
After this "private placement financing" is completed, I would speculate that management and the board will have guaranteed themselves another 19.9% friendly votes no matter what they decide to do. I will even surmise that they will then have 51% of the votes in their control. They will never be able to be ousted by the rest of the shareholders.

Bullboard Posts

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