(TheNewswire)
December 6th, 2017 / TheNewswire / Saskatoon, SK - Canadian Platinum Corp. (“CPC” or
the “Company”-TSXV:CPC) announces that, further to the press releases dated October 2 nd , 2017 and
November 7 th , 2017, under the terms of the Purchase and Sale Agreement (the “Agreement”) between CPC
and American Energy Metals Corp. (“AEMC” or the “Purchaser”), it has elected to terminate the Agreement. AEMC was unable to
complete its corporate structuring, failing to meet its initial obligations, in the timeframe anticipated in the Agreement.
Under the terms of the Agreement, CPC gave AEMC notice of termination.
Gary Billingsley, President, comments “Unfortunately the Parties couldn’t close the transaction in a timely
fashion and CPC elected to terminate the Agreement in order to pursue other opportunities to advance the project. Given
today’s metal prices, Peter Lake remains a significant part of our project portfolio, with the critical mineral claims in good
standing for several more years without additional work requirements.”
About Canadian Platinum Corp.
Canadian Platinum Corp. is a Canadian-based resource exploration and development company with its
head office in Saskatoon, SK. CPC is focused on the acquisition and development of a diversified portfolio of resource
properties hosting precious metals, base metals, platinum group elements and strategic metals including cobalt.
CANADIAN PLATINUM TRADES ON THE TSX VENTURE EXCHANGE UNDER THE SYMBOL “CPC”.
For more information, including news releases and technical reports providing more detail on the contents of
this news release, please visit our website at www.canplats.ca.
For further information:
Canadian Platinum Corp.
Gary Billingsley, President
Phone: 306-242-7363
Facsimile: 306-992-0729
www.canplats.ca
To receive information by email go to www.canplats.ca
and click “Contact Information”.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN
THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
CAUTION REGARDING FORWARD LOOKING STATEMENTS
Certain statements contained herein constitute forward-looking statements. Such forward-looking
statements are subject to both known and unknown risks and uncertainties which may cause the actual results, performances or
achievements of the Corporation to be materially different from any future results, performances or achievements expressed or
implied by such forward-looking statements. The forward-looking statements included in this press release are made as of the date
of this release and except as required by law, the Corporation does not undertake any obligation to publicly update or revise any
forward looking statements, whether as a result of new information, future events or otherwise.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be
any sale of securities in any state in the United States in which such offer, solicitation or sale would be
unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of
1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from
registration requirements. This press release may contain statements within the meaning of safe harbour provisions as defined under
United States Securities Laws and Regulations. The above statements are based on the current expectations and beliefs of the
management of Canadian Platinum and are subject to a number of risks and uncertainties that may cause the actual results to differ
materially from those described above.
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