March 28, 2016 / 12:48 PM / a year ago

BRIEF-Wellgreen Platinum closes first tranche of financing with Electrum Strategic Opportunities Fund

March 28 (Reuters) - Wellgreen Platinum Ltd :

* Wellgreen Platinum announces closing of first tranche of financing with Electrum Strategic Opportunities Fund Lp and appointment of two new directors

* Intends to sell up to an additional 55 million units in a second tranche of private placement

* Net proceeds of private placement will be used for development of company's Wellgreen pgm-nickel project in Yukon Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

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