Eastern Platinum Limited cancels private placement
December 14 2016 - 1:35AM
PR Newswire (Canada)
/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE
SERVICES/
Trading Symbol: ELR (TSX); EPS (JSE)
VANCOUVER, Dec. 14, 2016 /CNW/ - Eastern Platinum Limited
(the "Company") announces that it will not be proceeding
with the non-brokered private placement of approximately 18,435,360
common shares of the Company previously announced on October 27, 2016. The Company and the
placee have mutually agreed to terminate the proposed investment,
without cost or penalty to either, as they were unable to reach
agreement on the final terms and conditions sought by the
Company. As a result of the termination of the placement, the
Company will have no obligation to pay the finders' fee that had
been contemplated as part of the proposed investment.
No stock exchange, securities commission or other
regulatory authority has approved or disapproved the information
contained herein.
SOURCE Eastern Platinum Limited
Copyright 2016 Canada NewsWire
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