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September 9, 2008
Platinum Group CEO confident in mine deal finance
The chief executive of Platinum Group Metals Ltd said he is confident that the junior miner will raise enough capital to finance a deal to increase its stake at South Africa's Western Bushveld developing mine joint venture despite a challenging credit market.
On September 2, Platinum Group (PTM) said it agreed to a deal with Anglo Platinum Ltd and PTM's South African partner Wesizwe Platinum Ltd to double PTM's stake at Western Bushveld to 74 percent of the joint venture.
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Posted by StaffWriter at September 9, 2008 7:31 AM