Platinum Group Metals Adopts Advance Notice Policy
10 Gennaio 2014 - 12:27AM
Marketwired
Platinum Group Metals Adopts Advance Notice Policy
VANCOUVER, BRITISH COLUMBIA and JOHANNESBURG, SOUTH
AFRICA--(Marketwired - Jan 9, 2014) - Platinum Group Metals Ltd.
(TSX:PTM)(NYSEMKT:PLG) ("Platinum Group" or the "Company")
announces the approval and adoption by its Board of Directors of an
advance notice policy (the "Policy"). The purpose of the Policy is
to provide shareholders, directors and management of Platinum Group
Metals with a clear framework for nominating directors of the
Company. Platinum Group Metals is committed to: (i) facilitating an
orderly and efficient annual general or, where the need arises,
special meeting, process; (ii) ensuring that all shareholders
receive adequate notice of the director nominations and sufficient
information regarding all director nominees; and (iii) allowing
shareholders to register an informed vote after having been
afforded reasonable time for appropriate deliberation. The Policy
is intended to further these objectives.
The Policy, among other things, includes a provision that
requires advance notice to the Company in certain circumstances
where nominations of persons for election to the Board of Directors
are made by shareholders of the Company. The Policy fixes a
deadline by which director nominations must be submitted to the
Company prior to any annual or special meeting of shareholders and
sets forth the information that must be included in the notice to
the Company. No person will be eligible for election as a director
of Platinum Group Metals unless nominated in accordance with the
Policy.
In the case of an annual meeting of shareholders, notice to the
Company must be made not less than 30 days and not more than 65
days prior to the date of the annual meeting; provided, however,
that, in the event that the annual meeting is to be held on a date
that is less than 50 days after the date on which the first public
announcement of the date of the annual meeting was made, notice may
be made not later than the 10th day following such public
announcement.
In the case of a special meeting of shareholders called for the
purpose of electing directors (whether or not called for other
purposes), notice to the Company must be made not later than the
15th day following the day on which the first public announcement
of the date of the special meeting was made.
The full text of the Policy is available under the Company's
profile at www.sedar.com and on the Company's website (www.
www.platinumgroupmetals.net) or upon request by contacting the
Company's Corporate Secretary at (604) 899-5450.
The Policy is in effect as at the date of this news release.
Pursuant to the terms of the Policy, the Company will seek
shareholder ratification of the Policy at its next annual general
meeting of shareholders (the "Meeting") to be held on February 27,
2014. If the Policy is not confirmed at the Meeting, the Policy
will terminate and be of no further force and effect following the
termination of the Meeting.
About Platinum Group Metals Ltd.
Platinum Group Metals is based in Johannesburg, South Africa and
Vancouver, Canada. The Company's business is currently focused on
the construction of the WBJV Project 1 platinum mine and the
exploration and initial engineering on the newly discovered
Waterberg platinum deposit, where the Company is the operator of
the Waterberg Joint Venture project with JOGMEC and Mnombo. The
Company has also expanded its exploration northward to the
Waterberg Extension project.
Platinum Group Metals is listed as PTM on the Toronto Stock
Exchange and PLG on the NYSEMKT.
On behalf of the Board of Platinum Group Metals Ltd.
R. Michael Jones
The Toronto Stock Exchange and the NYSEMKT have not reviewed and
do not accept responsibility for the accuracy or adequacy of this
news release, which has been prepared by management.
This press release contains forward-looking statements
within the meaning of U.S. securities laws and forward-looking
information within the meaning of Canadian securities laws
("forward-looking statements"). Forward-looking statements are
typically identified by words such as: targeted, believe, expect,
anticipate, intend, estimate, postulate and similar expressions, or
are those, which, by their nature, refer to future events. All
statements that are not statements of historical fact are
forward-looking statements. Forward-looking statements in this
press release include, without limitation, statements regarding
seeking shareholder ratification of the Policy at the Meeting.
Although the Company believes the forward-looking statements in
this press release are reasonable, it can give no assurance that
the expectations and assumptions in such statements will prove to
be correct. The Company cautions investors that any forward-looking
statements by the Company are not guarantees of future results or
performance, and that actual results may differ materially from
those in forward looking statements as a result of various factors,
including, but not limited to, variations in market conditions, the
nature, quality and quantity of any mineral deposits that may be
located, the Company's ability to obtain any necessary permits,
consents or authorizations required for its activities, the
Company's ability to access further funding and produce minerals
from its properties successfully or profitably, or the Company's
ability to be fully able to implement its business strategies and
other risk factors described in the Company's prospectus,
registration statement, Form 40-F annual report, annual information
form and other filings with the SEC and Canadian securities
regulators, which may be viewed at www.sec.gov and www.sedar.com,
respectively.
Platinum Group Metals Ltd.R. Michael JonesPresident(604)
899-5450 / Toll Free: (866) 899-5450Platinum Group Metals Ltd.Kris
BegicVP, Corporate Development(604) 899-5450 / Toll Free: (866)
899-5450www.platinumgroupmetals.net
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