Barplats Investments Limited shareholders reject share sale

About this update from Eastern Platinum Limited

[{"type":"text","content":"\n\n\n\nBarplats Investments Limited shareholders reject share sale\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Feb. 6, 2017\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/\n\nTrading Symbol: ELR (TSX); EPS (JSE)\n\n\n\nVANCOUVER, Feb. 6, 2017 /CNW/ - Eastern Platinum Limited (\"Eastplats\" or the \"Company\") announces that the shareholders of Barplats Investments Limited (BIL), in which Eastplats holds shares through a subsidiary of the Company, at a meeting held February 3, 2017 rejected a special resolution submitted to the meeting seeking approval of the sale of the shares of BIL's subsidiary, Barplats Mines Limited (which holds the Crocodile River Mine) to Hebei Zhongheng Tianda Platinum Co. Limited (HZT) pursuant to the Share Purchase Agreement dated June 28, 2016 (SPA) entered into by the former management of the Company.  The Company will be reporting further on the implications of the vote on the SPA and the outstanding lawsuit commenced by HZT.  \nCautionary Statement Regarding Forward-Looking Information\n\nThis press release contains \"forward-looking statements\" or \"forward-looking information\" (collectively referred to herein as \"forward-looking statements\") within the meaning of applicable securities legislation.  Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company.  Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words \"will\", \"plan\", \"intends\", \"may\", \"will\", \"could\", \"expects\", \"anticipates\" and similar expressions. \n\nIn particular, this press release contains forward-looking statements pertaining to: the effect of the special resolution on the business of Eastplats, the SPA and the lawsuit initiated by HZT.  These forward-looking statements are based on assum...

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