Extension Maturity Date of Convertible Debentures (4590Y)
22 Dezembro 2010 - 12:00PM
UK Regulatory
TIDMPPN
RNS Number : 4590Y
Platmin Limited
22 December 2010
NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES
NEWSWIRE SERVICES
Platmin Announces Extension to Maturity Date of Convertible
Debentures
December 22, 2010: Toronto: Platmin Limited ("Platmin" or "the
Company"; TSX/AIM: PPN; JSE: PLN) today announces that the holders
of its US$135 million of convertible debentures that were issued 13
May 2010 have notified the Company that they wish to extend the
maturity date of the convertible debentures to 28 February 2011, as
is permitted by the debenture terms. Platmin has accepted this
extension and accordingly the convertible debentures will now
mature on 28 February 2011.
About Platmin
Platmin's primary asset is the Pilanesberg Platinum Mine (PPM),
which is building up to full production. The focus of the company
is on achieving the metal production forecasts predicted in the
Bankable Feasibility Study (BFS) for the mine and participating in
the considerable investment value creation potential of the
consolidation of the western limb of the Bushveld Complex. Platmin
also hold interests in projects on the eastern limb.
For further information:
Charmane Russell Russell & Associates +27 11 880 3924
+27 82372 5816
This information is provided by RNS
The company news service from the London Stock Exchange
END
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