October 12, 2016 / 2:47 PM / 10 months ago

BRIEF-Platinum Group Metals Ltd. announces increase to Sprott Credit Facility

1 Min Read

Oct 12 (Reuters) - Platinum Group Metals Ltd

* Platinum Group Metals Ltd. announces increase to Sprott Credit Facility

* Says Sprott Resource lending partnership lenders have provided a US $5.0 million second advance to company

* Platinum Group Metals Ltd - second advance may be repaid in six equal, monthly instalments commencing on July 31, 2017

* Platinum Group Metals - original $40.0 million credit agreement entered into by co and Sprott has been amended,restated to reflect increase to $45.0 million Source text for Eikon: Further company coverage:

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