Off-market insider buying at Platinum Group Metals (PTM)

Off-market insider buying at Platinum Group Metals (T:PTM)

Hosken Consolidated Investments Limited, a 10% Holder, acquired 1,111,111 Common Shares on an indirect ownership basis for registered holder Deepkloof Limited at a price of US$1.170 through a private transaction on June 28th, 2019. This represents a $1,701,310 investment into the company's shares and an account share holdings change of 16.4%.

Platinum Group Metals is in the Precious Metals & Minerals Sub Industry Group under the Basic Materials Sector.

Platinum Group Metals Ltd. is an exploration- and development-stage Company. The Company is focused on exploration and development of platinum. The Company conducts work on mineral properties it has staked or acquired by way of option agreements in the Republic of South Africa and in Canada. Its business is focused on production ramp up at the Maseve Mine, and the exploration and initial engineering on the Waterberg platinum deposit, which includes the Waterberg Joint Venture Project (the Waterberg JV Project) and the adjoining Waterberg Extension Project. The Company has operations in South Africa and Canada. The Maseve platinum mine site is located on the Western Limb of the Bushveld Complex approximately 35 kilometers north west of the town of Rustenburg. The Waterberg JV Project consists of a contiguous granted prospecting right area of approximately 255 square kilometers located on the Northern Limb of the Bushveld Complex, over 70 kilometers north of the town of Mokopane. Platinum Group Metals Limited (PTM) has below median officer and director direct ownership compared to its small-cap peers in the market, based on our estimate using SEDI data. According to regulatory filings yesterday, one insider has invested a total amount of $1,701,310.