Eastern Platinum Limited Receives Approval From South Africa Competition Commission Regarding Rights Offering Transaction
Eastern Platinum Limited Receives Approval From South Africa Competition Commission Regarding Rights Offering Transaction
Vancouver, British Columbia--(Newsfile Corp. - November 7, 2023) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") has obtained approval from the South Africa Competition Commission regarding the acquisition of common shares of the Company by Ka An Development Co. Limited pursuant to the rights offering (see news release of May 8, 2023) (the "Transaction"), subject to establishment of an employee share ownership program ("ESOP"), which will hold at least 5% of Barplats Mines (Pty) Limited ("Barplats") and will be established within 6 months from Barplats attaining a steady state of certain run of mine tonnages for a period of six consecutive months.
不列顛哥倫比亞省溫哥華--（Newsfile Corp.，2023 年 11 月 7 日）-東方鉑金有限公司（多倫多證券交易所：ELR）（JSE：EPS）（”東區“或者”公司“) 在Ka An Development Co.收購公司普通股方面已獲得南非競爭委員會的批准。僅限於供股（參見 2023 年 5 月 8 日的新聞稿）（“交易“)，但須制定員工股份所有權計劃 (”尤其是“），它將持有Barplats Mines（Pty）Limited至少5％的股份（”巴爾普拉斯“），並將在Barplats連續六個月保持一定礦山噸位的穩定狀態後的6個月內建立。
About Eastern Platinum Limited
關於東方鉑金有限公司
Eastplats 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.
Eastplats直接或間接擁有許多鉑族金屬（”PGM“）以及南非共和國的鍍鉻資產。該公司的所有物業都位於布什維爾德綜合體的西段（鱷魚河礦）和東緣（肯尼迪谷、斯皮茨科普、馬里斯堡），布什維爾德礦石是世界上大約80％含PGM礦石的地質環境。
Operations at the Crocodile River Mine currently include re-mining and processing its tailings resource to produce PGM and chrome concentrates from the Barplats Zandfontein tailings dam.
鱷魚河礦目前的業務包括重新開採和加工其尾礦資源，從Barplats Zandfontein尾礦大壩生產PGM和鉻精礦。
For further information, please contact:
欲了解更多信息，請聯繫：
EASTERN PLATINUM LIMITED
Wylie Hui, Chief Financial Officer and Corporate Secretary
whui@eastplats.com (email)
(604) 800-8200 (phone)
東方鉑金限量版
Wylie Hui，首席財務官兼公司秘書
whui@eastplats.com（電子郵件）
(604) 800-8200（電話）
Cautionary Statement Regarding Forward-Looking Information
關於前瞻性信息的警示聲明
This press release contains "forward-looking statements" or "forward-looking information" (collectively referred to herein as "forward-looking statements") within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "will", "plan", "intends", "may", "will", "could", "expects", "anticipates" and similar expressions. Further disclosure of the risks and uncertainties facing the Company and other forward-looking statements are discussed in the Company's most recent Annual Information Form available under the Company's profile on .
本新聞稿包含 “前瞻性陳述” 或 “前瞻性信息”（此處統稱爲”前瞻性陳述“）在適用的證券立法的含義範圍內。此類前瞻性陳述包括但不限於未來運營的預測、估計、預期和目標，這些假設、風險和不確定性受許多假設、風險和不確定性的影響，其中許多是公司無法控制的。前瞻性陳述不是歷史事實，通常但並非總是用 “意願”、“計劃”、“打算”、“可能”、“將”、“可能”、“期望”、“預期” 等詞語來識別。公司最新的年度信息表討論了公司面臨的風險和不確定性的進一步披露以及其他前瞻性陳述，可在公司簡介下查閱。
In particular, this press release contains forward-looking statements pertaining to: the potential establishment of the ESOP. These forward-looking statements are based on assumptions made by and information currently available to the Company. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a number of factors could cause actual results to differ materially from the beliefs, plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, unanticipated problems that may arise in the Company's production processes, commodity prices, lower than expected grades and quantities of resources, need for additional funding and availability of such additional funding on acceptable terms, economic conditions, currency fluctuations, competition and regulations, legal proceedings and risks related to operations in foreign countries.
特別是，本新聞稿包含與ESOP可能成立有關的前瞻性陳述。這些前瞻性陳述基於公司做出的假設和目前可用的信息。儘管管理層根據目前獲得的信息認爲這些假設是合理的，但它們可能被證明是不正確的。就其本質而言，前瞻性陳述涉及固有的風險和不確定性，提醒讀者不要過分依賴這些陳述，因爲許多因素可能導致實際結果與此類前瞻性陳述中表達的信念、計劃、目標、預期、估計和意圖存在重大差異。這些因素包括但不限於公司生產過程中可能出現的意想不到的問題、商品價格、低於預期的資源等級和數量、對額外資金的需求以及在可接受的條件下獲得的額外資金、經濟狀況、貨幣波動、競爭和監管、法律訴訟以及與國外業務相關的風險。
All forward-looking statements in this press release are expressly qualified in their entirety by this cautionary statement, the "Cautionary Statement on Forward-Looking Information" section contained in the Company's most recent Management's Discussion and Analysis available under the Company's profile on . The forward-looking statements in this press release are made as of the date they are given and, except as required by applicable securities laws, the Company disclaims any intention or obligation, and does not undertake, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
本新聞稿中的所有前瞻性陳述均受本警示聲明的明確全部限制，”關於前瞻性信息的警示聲明“本節包含在公司最新的《管理層討論與分析》中，可在公司簡介下查閱。本新聞稿中的前瞻性陳述自發布之日起作出，除非適用的證券法要求，否則公司不打算或有義務更新或修改任何前瞻性陳述，也不承諾更新或修改任何前瞻性陳述，無論是由於新信息、未來事件還是其他原因。
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
沒有證券交易所、證券委員會或其他監管機構批准或拒絕批准此處包含的信息。
To view the source version of this press release, please visit
要查看本新聞稿的源版本，請訪問
譯文內容由第三人軟體翻譯。