BIG News! Southern Platinum Comments on Trading Activity
Shares Issued and Outstanding 85,339,411
TSX: SPC
TORONTO, Nov. 24 /CNW/ - Southern Platinum Corp. (TSX: SPC) today issued
the following comments on recent trading in the Company's shares on the
Toronto Stock Exchange:
As reported in the third quarter results release, dated November 15,
2004, the Company's subsidiary, Messina Platinum, is continuing discussions
with the RMB syndicate and another major South African bank to arrange
restructuring of the syndicated project debt facility.
As is normal business practice and in parallel with these discussions
Southern Platinum is in discussions with various parties on a wide range of
alternatives to replace or eliminate the syndicated project debt facility. In
recent months Southern Platinum has been in discussions with platinum majors
concerning possible transactions. While it is possible that these various
discussions could lead to some transaction, there is no assurance that they
will lead to a transaction, and there can be no assurance what form such a
transaction may take. Shareholders will be kept informed of developments.
NOTE: Certain statements contained herein are "forward-looking" and are
based on the opinions and estimates of management, or on the opinions and
estimates provided to and accepted by management. These opinions and estimates
include those that relate to all the geological, development, mining and
commodity price and market parameters used by management. Forward-looking
statements are subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ, possibly
significantly. Readers are therefore cautioned not to place undue reliance on
any forward-looking statement.
For further information: Please Contact: Southern Platinum Corp.,
Mr. Patrick Evans, President and CEO, Telephone: (416) 359-7800, Fax:
(416) 359-7801, E-mail: inbox@southplats.com, www.southplats.com |
