Platina Resources Ltd. - Receives AU$496,000 from Federal Government Research and Development Incentive Scheme
25.02.2014 | ABN Newswire
Brisbane, Australia (ABN Newswire) - Platina Resources Ltd. (ASX:PGM) (OTCMKTS:PTNUF) is pleased to announce receipt of a $496,000 cash refund under the Federal Government's Research & Development Incentive Scheme.
The tax refund relates to costs of Research & Development conducted by the Company during the 2013 financial year, essentially on the Owendale Platinum and Scandium Project.
These funds, combined with the proceeds from the current Non-Renounceable Rights Issue, will be used to:
- Complete metallurgical testwork followed by feasibility studies at the Company's Owendale platinum and scandium project in NSW;
- Fund other exploration activities; and
- Contribute to ongoing working capital.
The Non-Renounceable Rights Issue, announced on 10 February 2014, opened on Friday 21 February and will close on Friday 14 March 2014.
To view the announcement, please visit:
http://media.abnnewswire.net/media/en/docs/76678-ASX-PGM-784420.pdf
About Platina Resources Limited:
Platina Resources Ltd. (ASX:PGM) (OTCMKTS:PTNUF) has a global portfolio of Platinum Group Metal (PGM), gold and scandium projects, with a core focus on the development of two key advanced assets – the Skaergaard PGM-Gold Project in Greenland and the Owendale Platinum and Scandium Project near Fifield, NSW, Australia.
Contact:
Platina Resources Ltd.
T: +61-7-5580-9094
F: +61-7-5580-9394
WWW: www.platinaresources.com.au