BRIEF-Platinum Group Metals provides update on Maseve Mine

Thu May 5, 2016 8:49am EDT
 
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May 5 (Reuters) - Platinum Group Metals

* $40 million working capital facility with sprott,$40 million working capital facility with liberty metals & mining holdings, amended

* Amendments provide flexibility to accommodate production ramp-up delay at maseve mine reported in q2 report on april 12, 2016

* As consideration of amendments, has agreed to issue 131,654 common shares to lmm pursuant to lmm facility amendment

* Mine plan calls for about 110,000 ounces to end of april 2017 compared to previous guidance for 116,000 ounces in calendar 2016

* Consideration of amendments, has agreed to issue 131,654 shares to sprott pursuant to sprott facility amendment Source text for Eikon: Further company coverage: (Bengaluru Newsroom +1-646-223-8780)