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BRIEF-Platinum Group Metals to sell Maseve Investments 11 Proprietary Limited
September 6, 2017 / 11:44 AM / 18 days ago

BRIEF-Platinum Group Metals to sell Maseve Investments 11 Proprietary Limited

Sept 6 (Reuters) - Platinum Group Metals Ltd

* Platinum Group Metals Ltd. announces proposed sale of Maseve mine

* Platinum Group Metals Ltd - has entered into a term sheet to sell Maseve Investments 11 Proprietary Limited to Royal Bafokeng Platinum Limited

* Platinum Group Metals Ltd- transaction valued at approximately US$74.0 million, payable as to US$62.0 million in cash and US$12.0 million in RBPLAT common shares

* Cash proceeds of sale will be used to repay debt Source text for Eikon: Further company coverage:

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