Business
Eastern Platinum Limited Announces Stock Option Grants and Restatement of First Quarter MD&A
Vancouver, British Columbia--(Newsfile Corp. - June 22, 2023) - Eastern Platinum Limited (TSX: EL...
About this update from Eastern Platinum Limited
[{"type":"text","content":"Eastern Platinum Limited Announces Stock Option Grants and Restatement of First Quarter MD&AVancouver, British Columbia--(Newsfile Corp. - June 22, 2023) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) (\"Eastplats\" or the \"Company\") announces that it has granted 3,800,000 stock options to directors, officers, and employees of the Company that vest in 90 days. The options were granted for a term of five years and expire on June 21, 2028. Each option allows the holder to purchase one common share of Eastplats at an exercise price of CDN$0.10.The Company further announces that it is filing an Amended Management's Discussion and Analysis (\"MD&A\") for the three months ended March 31, 2023 to reflect the following change:Page 10 of the MD&A has been updated to correct \"Total Tailings Feed (Tons)\" for Q1 2023, which has been revised from 432,005 to 631,954 as the original number excluded 199,949 tons processed in March of 2023. No other changes were made to the MD&A and the first quarter financial statements were not impacted.The previously filed MD&A was originally filed by the Company on SEDAR on May 12, 2023. This restated MD&A replaces and supersedes the previously filed MD&A and has been filed on SEDAR and also on the Company's website at www.eastplats.com/investors/. About Eastern Platinum LimitedEastplats owns directly and indirectly a number of platinum group metal (\"PGM\") and chrome assets in the Republic of South Africa. All of the Company's properties are situated on the western and eastern limbs of the Bushveld Complex, the geological environment that hosts approximately 80% of the world's PGM-bearing ore. Operations at the Crocodile River Mine currently include re-mining and processing its tailings resource to produce PGM and chrome concentrates from the Barplats Zandfontein tailings dam. For further information, please contact: EASTERN PLATINUM LIMITEDWylie Hui, Chief Financial Officer & Corporate [email protected] (email)(604) 800-8200 (phone)Cautionary Statement Regarding Forward-Looking InformationThis 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...