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| Home : Platinum Group Metals Announces Public Offering of Common Shares |
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Dec 11
2012 |
Platinum Group Metals Announces Public Offering of Common Shares |
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TORONTO, ONTARIO--(Marketwire - Dec. 10, 2012) - Platinum Group Metals Ltd., (TSX:PTM)(NYSE Amex:PLG)(NYSE MKT:PLG) (the "Company" or "Platinum Group Metals") today announced that it has filed a preliminary short-form prospectus in Canada and a registration statement in the United States in connection with a marketed offering of common shares to raise approximately C$180 million (the "Offering"). The Offering will be conducted through a syndicate of underwriters led by BMO Capital Markets, RBC Capital Markets and GMP Securities L.P., and including Raymond James Ltd., Stifel Nicolaus Canada Inc., CIBC and Cormark Securities Inc. (the "Underwriters"). The Company will also grant to the Underwriters an option, exercisable for a period of 30 days following the closing of the Offering, to purchase additional common shares representing an additional 15% of the Offering to cover over-allotments, if any. |
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| Source:http://www.marketwire.com/mw/release.do?id=1735847&sourceType=3 |
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