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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (99916)6/21/2021 6:40:56 AM
From: Goose94Read Replies (2) of 202922
 
Eastern Platinum (ELR-T) Settlement of Legal Disputes

June 21, '21 - NR

Eastern Platinum announces that it, along with Eastplats Acquisition Co. Ltd and Eastern Platinum Holdings Limited, has agreed with the defendants and certain other parties to settle and dismiss the outstanding lawsuits filed in the British Columbia Supreme Court Action No. S-186503 and Action No. S-179666 and to settle certain related disputes. Details concerning these lawsuits were previously described in the Company's press releases and corporate filings.

The settlements of the filed lawsuits provide for an amount of CAD $4,000,000 in cash to be paid to the Company. The terms of the settlements are confidential and no party to them has admitted any wrongdoing or liability.

About Eastern Platinum Limited

Eastplats owns directly and indirectly a number of 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 known PGM-bearing ore.

Operations at the Crocodile River Mine currently include re-mining and processing its tailings resource, from the Barplats Zandfontein UG2 tailings facility, with offtakes of chrome and PGM concentrates to the Company's offtake parties.

For further information, please contact:

EASTERN PLATINUM LIMITED
Wylie Hui, Chief Financial Officer and Corporate Secretary
whui@eastplats.com (email)
(604) 800-8200 (phone)
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