Eastern Platinum Limited: No Work Stoppages at CRM Operations
August 29 2012 - 8:00AM
Marketwired
Eastern Platinum Limited (TSX:ELR)(AIM:ELR)(JSE:EPS) ("Eastplats"
or the "Company") comments on incorrect news as reported on the BBC
World News and other media outlets and since proliferated by
analysts and various other industry commentators.
The Company confirms that, contrary to these erroneous reports,
there have been no work stoppages or strike actions at Eastplats'
Crocodile River Mine ("CRM") and that mining operations at CRM
continue to be unaffected by the recent tragic events that occurred
in the PGM mining sector in South Africa.
As correctly reported in South Africa's Business Day ("Violence
spreads to Lonmin's eastern operations" - August 27, 2012 at
13:20), these work stoppages do not refer in any way to Eastplats'
CRM operations.
The Company respectfully suggests that commentators validate
their sources and confirm such reports with the Company prior to
making erroneous statements that might cause disruption to
operations or possibly inflame an already volatile situation in
South Africa, as well as contribute to misinformation on the
market.
Total shares issued and outstanding - 928,187,807
No stock exchange, securities commission or other regulatory
authority has approved or disapproved the information contained
herein.
Contacts: Eastern Platinum Limited Ian Rozier President &
C.E.O. +1-604-685-6851 +1-604-685-6493 (FAX)info@eastplats.com
www.eastplats.com NOMAD: Rob Collins Canaccord Genuity Securities
Limited, London +44 (0) 207 523 8000 JSE SPONSOR: PSG Capital (Pty)
Limited Johan Fourie +27 21 887 9602johanf@psgcapital.com
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