Platinum Group Announces US$110-million Agreement with Syndicate of Underwriters

Platinum Group Metals Ltd. (TSX:PTM) and an association of underwriters led by BMO Capital Markets and GMP Securities LP have entered into an agreement under which the underwriters have agreed to buy on a bought-deal basis 207,600,000 common shares at a price of US$0.53 per common share for gross proceeds of US$110,028,000.