Company News

BRIEF-Atlatsa reports per share loss of $0.22 for Q2 2017​

Oct 16 (Reuters) - Atlatsa Resources Corp

* Atlatsa announces financial results for the half year ended June 30, 2017 & provides an update on the implementation of the 2017 restructure plan

* Basic and diluted loss per share was $0.22 for Q2 2017

* Revenue increased by 12.6 percent quarter-on-quarter to $45.8 million

* Entered into a care and maintenance term loan facility agreement with RPM in an amount of $51.8 million

* Upon implementation of asset disposal all debt incurred during debt standstill period will be written off

* Atlatsa will restructure itself to reduce its corporate head office and associated overhead costs

* RPM to acquire, include resources specified in Atlatsa’s Kwanda north, central block prospecting rights for $29.8 million in cash

* Bokoni mine operations were placed on care and maintenance with effect from October 1, 2017

* Rustenburg platinum mines to suspend servicing, repayment of current, future debt incurred by Atlatsa group, owing to RPM until dec 31, 2019

* During Sept Bokoni mine, together with registered trade unions, NUM, TAWUSA and UASA, concluded facilitated consultation process

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