Eastern Platinum Ltd. announces the voting results of the Company's 2023 Annual General Meeting of Shareholders held on June 20, 2023 . A total of 65,194,989 common shares were voted at the Meeting, representing 47.30% of the votes attached to all the outstanding common shares of the Company. Detailed results of the vote held at the Meeting are set out below: Business Outcome of Vote Votes For Votes Against Votes Withheld [...]
Eastern Platinum Ltd. announces that, further to its news releases dated April 24, 2023 and May 12, 2023, it has formed a special committee consisting of two independent directors, George Graham Dorin and Xin Guan. The Committee has commenced, together with independent special counsel retained by the Committee, an investigation and review of certain unproven whistleblower allegations, including allegations of undisclosed [...]
Eastern Platinum Ltd. announces that it has received conditional acceptance from the Toronto Stock Exchange to extend the expiry date of 5,960,000 of its outstanding unlisted common share purchase warrants originally issued on June 26, 2020, in conjunction with the previously disclosed settlement agreement with AlphaGlobal Capital Inc. For further information concerning the original issuance of the Warrants, please refer [...]
Eastern Platinum Ltd. is pleased to report that it has filed its condensed interim consolidated financial statements for the three months ended March 31, 2023 and the corresponding management's discussion and analysis. Below is a summary of the Company's financial results for the first quarter of 2023 in comparison to the same respective period in 2022 : Revenue for Q1 2023 increased to $22.1 million , representing a [...]
Eastern Platinum Ltd. today announced the completion of the previously announced rights offering to its shareholders , subject to final approval of the Toronto Stock Exchange and Johannesburg Stock Exchange . On Friday, May 12, 2023 Eastplats will issue an aggregate of 64,080,653 common shares of the Company at a price of CDN$0.11 per Common Share issued in respect of the exercise of rights trading on the TSX and [...]
Eastern Platinum Ltd. has received the written reasons for judgment of the Supreme Court of British Columbia in the petition of shareholder, Xiaoling Ren, seeking leave to commence a derivative action on behalf of the Company against certain of the former and current directors in relation to the transactions between the Company and Union Goal Offshore Solutions Limited . The court has denied leave to bring an action [...]
Eastern Platinum Ltd. today announced that its Board of Directors has received unproven whistleblower allegations, including allegations of undisclosed related party transactions pertaining to the sale of chrome concentrate at discounted prices . The Board has determined that it is in the best interests of the Company to form a special committee consisting of two independent directors, George Graham Dorin and Xin Guan [...]
Eastern Platinum Ltd. is pleased to report that it has filed its Audited Consolidated Financial Statements for the fiscal year ended December 31, 2022 and the corresponding Management's Discussion and Analysis and Annual Information Form. Below is a summary of the Company's financial results for the fourth quarter of 2022 and for the fiscal year ended December 31, 2022 in comparison to the same respective periods in 2021 [...]
Eastern Platinum Ltd. today announced the offering to its shareholders of rights to acquire common shares of the Company at the close of business on the record date of Thursday, April 6, 2023 , on the basis of one Right for each Common Share held. Each Right will entitle the holder to subscribe for one Common Share of the Company upon payment of the subscription price of Cdn$0.11 or ZAR 1.4564 per Common Share [...]
Eastern Platinum Ltd. announced that it has amended and restated its condensed interim consolidated financial statements for the three and nine months ended September 30, 2022 and the corresponding management's discussion and analysis . The restatement is due to a change in Eastplats' accounting policies and determination from management of when revenue should be recognized in accordance with International Financial [...]
Eastern Platinum Ltd. is pleased to announce that the Terms For Crocodile River Tailings Concentrate between Impala Platinum Limited , a subsidiary of Impala Platinum Holdings Ltd. , and Barplats Mine Ltd, a wholly owned subsidiary of Eastplats, signed on September 29, 2020 for delivery of platinum group metals tailings concentrate to Impala has been extended. All terms and conditions as provided for in the Agreement will [...]
Eastern Platinum Ltd. is pleased to report that it has filed its condensed interim consolidated financial statements for the three and nine months ended September 30, 2022 and the corresponding management's discussion and analysis. Below is a summary of the Company's financial results for the third quarter of 2022 and for the nine months ended September 30, 2022 in comparison to the same respective period in 2021 [...]
