Platinum Group Metals Ltd. Hosts Webcast for WBJV Platinum Project Update
Platinum Group Metals Ltd. will conduct a teleconference in conjunction with today’s announcement. The teleconference begins at 12:00PM Eastern Standard Time today, Tuesday, September 2nd, 2008. Members of the news media, investors and the general public are invited to access a live webcast of the conference call via a link on the Platinum Group Metals Ltd.’s website at www.platinumgroupmetals.net. The event will be archived and available for replay through to September 2nd, 2009.
Platinum Group Metals Ltd. has agreed to a term sheet with Anglo Platinum Limited and Wesizwe Platinum Limited to consolidate and rationalize the Western Bushveld Joint Venture. Under the terms Platinum Group will control 74% of the WBJV Projects 1 and 3. As a result of the proposed transaction, Platinum Group pays no new cash or shares until up to six months after closing.
Platinum Group Metals Ltd. is based in Vancouver BC, Canada and Johannesburg, South Africa. The Company has a management team in both Canada and South Africa, which have successful track records of more than 20 years in exploration, mine discovery, mine construction and mine operations. The Company was formed in 2000 and is focused on the development of platinum operations. Platinum Group Metals Ltd. trades on the Toronto Stock Exchange under the symbol PTM and on the AMEX in New York under the symbol PLG.