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BOSTON, June 04, 2021 (GLOBE NEWSWIRE) — Liberty Metals & Mining Holdings, LLC (“LMM”) declares that LMM by the services of the New York Inventory Trade, by a collection of gross sales occurring from Could 26, 2021 to June 2, 2021, offered a complete of 421,649 frequent shares (every, a “Widespread Share”) of Platinum Group Metals Ltd. (“Platinum”) at a median worth of US$4.23 per Widespread Share (or C$5.10 per Widespread Share) for combination gross proceeds of US$1,772,311.46 (or C$2,138,293.78) (the “Gross sales”).
Instantly previous to the Gross sales, LMM held 7,733,275 Widespread Shares, representing 10.45% of the then issued and excellent Widespread Shares.
Following the Gross sales, LMM held 7,311,626 Widespread Shares, representing 9.88% of the 74,036,413 of the issued and excellent Widespread Shares.
LMM acquired the Widespread Shares for funding functions. LMM is evaluating further tendencies of securities of Platinum, the timing of which (if any) would rely on market situations, its persevering with analysis of the enterprise and prospects of Platinum and different components. LMM intends to watch and consider its funding in Platinum in mild of pertinent components, market situations, Platinum’s efficiency and prospects, the buying and selling costs of the Widespread Shares, situations within the trade and basic financial situations. LMM might keep its present funding or eliminate some or all of its Widespread Shares.
This press launch is being issued pursuant to the necessities of Nationwide Instrument 62-103 – The Early Warning System and Associated Take-Over Bid and Insider Reporting Points of the Canadian Securities Directors. For additional info and to acquire a replica of the early warning report that will probably be filed beneath relevant Canadian securities legal guidelines in reference to the transactions hereunder, please see Platinum’s profile on the SEDAR web site www.sedar.com.
All quantities transformed from US$ to C$ have been transformed utilizing the Financial institution of Canada common one week charge as at June 2, 2021.
Traders searching for additional info or a replica of the early warning report ought to contact:
Liberty Metals & Mining Holdings, LLC
157 Berkeley Avenue, twenty second Flooring
Boston, MA 02116
Media Contact: please ship inquiries to email@example.com