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Platinum Group Metals Ltd.

09:51 AM EST - Platinum Group Metals Ltd. : has closed its public offering of common shares. Pursuant to the Offering, the Company issued 214,800,000 common shares at a price of $0.53 U.S. per Share, for aggregate gross proceeds of $113,844,000 U.S. The Shares include 7,200,000 common shares issued pursuant to an over-allotment option. BMO Capital Markets and GMP Securities L.P. acted as the underwriters and agreed to buy the Shares on a bought deal basis. Platinum Group Metals Ltd.
shares T.PTM are trading unchanged at $0.57.