Mining News

Hosken buys more shares in PTM to retain 26% stake

TSX-listed Platinum Group Metals (PTM) plans to sell 3.5-million common shares at $1.69 each to its existing major shareholder Hosken Consolidated Investments, to raise $6-milion. PTM will use the proceeds to repay $3-million in senior secured debt it has with Sprott Private Resource Lending II and other lenders party to Sprott, as well as for working capital purposes.

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