Liberty Metals & Mining Holdings, LLC (LMMH) hereby amends the report
on Schedule 13D filed with the Commission on January 10, 2013 (the Schedule 13D), as it has been amended from time to time, with respect to the shares of common stock, no par value, of Platinum Group Metals Ltd. (the
Issuer or Platinum Group).
Except as set forth below, all Items of the Schedule 13D remain unchanged. All
capitalized terms used by not defined herein have the meaning assigned to them in the Schedule 13D.
Item 2.
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Identity and Background
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Item 2 is amended with respect to Schedule A, updating the Executive Officers of LMMH and its beneficial owners.
Item 3.
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Source and Amount of Funds or Other Consideration
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Item 3 of Schedule 13D is hereby amended by adding the following paragraph immediately following the last paragraph of Item 3.
On January 21, 2021, LMMH sold 3,328,544 Common Shares of the Issuer at a price of US$4.00 per Common Share for gross proceeds (excluding
commission) of US$13,314,176.
Item 4.
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Purpose of Transaction
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Item 4 is amended and restated as follows:
LMMH acquired the Issuers securities for investment purposes. LMMH is evaluating additional dispositions of securities of the Issuer,
the timing of which (if any) would depend on market conditions, its continuing evaluation of the business and prospects of the Issuer and other factors. LMMH intends to monitor and evaluate its investment in the Issuer in light of pertinent factors,
market conditions, the Issuers performance and prospects, the trading prices of Platinum Group Common Stock, conditions in the industry and general economic conditions. LMMH may maintain its current investment or dispose of some or all of
its Platinum Group Common Stock.
Other than as described above, LMMH does not have any current plans or proposals which would relate to
or would result in (a) the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation,
involving the Issuer or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) any change in the present board of directors or management of the Issuer, including any
plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) any material change in the present capitalization or dividend policy of the Issuer; (f) any other material change in the
Issuers business or corporate structure, including but not limited to, if the Issuer is a registered closed-end-investment company, any plans or proposals to make
any changes in its investment policy for which a vote is required by Section 13 of the Investment Company Act of 1940; (g) changes in the Issuers charter, bylaws or instruments corresponding thereto or other actions which may impede the
acquisition of control of the Issuer by any person; (h) causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted on an inter-dealer quotation system of a registered
national securities association; (i) a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934, as amended, or (j) any action
similar to any of those enumerated above.