Business
EASTERN PLATINUM LIMITED ANNOUNCES C$300 MILLION EQUITY FINANCING
EASTERN PLATINUM LIMITED ANNOUNCES C$300 MILLION EQUITY FINANCING
About this update from Eastern Platinum Limited
[{"type":"text","content":"\n\n\n\n Nov. 22, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES\n\n\nOR FOR DISSEMINATION IN THE UNITED STATES \n\n\nTrading Symbol: ELR (TSX & AIM) EPS (JSE)\n\n\nVANCOUVER, Nov. 22 /CNW/ - Eastern Platinum Limited (TSX: ELR, AIM: ELR,\n JSE: EPS) (the "Company") announced today that it has filed a preliminary short form prospectus\n in connection with an overnight-marketed public offering of common\n shares to raise approximately C$300 million (the "Offering").  The Offering will be conducted through a syndicate of underwriters\n led by Canaccord Genuity Corp. and UBS Securities Canada Inc.  The\n Company is proposing to grant to the underwriters an over-allotment\n option to purchase that number of additional common shares equal to up\n to 15% of the common shares sold pursuant to the Offering, exercisable\n at any time up to 30 days after the closing of the Offering.  The\n Offering is subject to certain conditions, including regulatory\n approval.\n\n\nThe Offering will be priced in the context of the market with final\n terms of the Offering to be determined at the time of pricing.  The\n Company intends to use the net proceeds of the Offering to fund Phase 1\n of the Eastern Limb development plan as well as for general working\n capital purposes.\n\n\nThe Offering is expected to close on or about December 8, 2010.\n\n\nTrading in the Company's shares will be temporarily susp...