UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule
13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the period of: March 11, 2013
PLATINUM GROUP METALS LTD.
(SEC File No. 001-33562)
Suite 328 550 Burrard Street, Vancouver BC, V6C 2B5,
CANADA
Address of Principal Executive Office
Indicate by check mark whether the registrant files or will file annual reports under cover:
Form 20-F [ ] Form 40-F [X]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
SUBMITTED HEREWITH
Exhibits
99.1 | Material Change Report dated March 5, 2013 | |
99.2 | News Release dated March 5, 2013 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: March 11, 2013 | R. Michael Jones |
R. MICHAEL JONES | |
DIRECTOR & CEO |
FORM 51-102F3 |
MATERIAL CHANGE REPORT |
ITEM 1. |
NAME AND ADDRESS OF COMPANY |
| |
PLATINUM GROUP METALS LTD. (the Company or Platinum Group) | |
328 550 Burrard Street Vancouver BC, V6C 2B5 | |
Telephone: (604) 899-5450 Facsimile: (604) 484-4710 | |
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ITEM 2. |
DATE OF MATERIAL CHANGE |
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March 5, 2013 | |
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ITEM 3. |
NEWS RELEASE |
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A news release was disseminated on March 5, 2013 to the TSX as well as through various other approved public media and was SEDAR filed with the British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland Securities Commissions. | |
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ITEM 4. |
SUMMARY OF MATERIAL CHANGE |
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Platinum Group reports that today, in South Africa, the Notice under Section 54 of the Mine Health and Safety Act (1996) requiring it to stop its operations at WBJV Project 1 (Maseve) site has been uplifted by the Principal Inspector of mines. | |
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ITEM 5. |
FULL DESCRIPTION OF MATERIAL CHANGE |
| |
(Vancouver, British Columbia) Platinum Group Metals Ltd. (PTM-TSX; PLG-NYSE MKT) (Platinum Group or the Company) reports that today, in South Africa, the Notice under Section 54 of the Mine Health and Safety Act (1996) requiring it to stop its operations at WBJV Project 1 (Maseve) site has been uplifted by the Principal Inspector of mines. | |
| |
The Company has resumed mine building operations and underground development with diligent attention to the instructions of the Department of Mineral Resources Inspectors. | |
| |
Safety has been the number one priority of the Company since commencement of the construction of the WBJV Project 1 (Maseve) mine. A thorough investigation of the recent incident is continuing with the objectives of finding all of the causes of the incident and improving safety going forward. | |
| |
About Platinum Group Metals Ltd. | |
| |
Platinum Group is building the WBJV Project 1 Platinum mine in the Western Limb of the Bushveld Complex, South Africa. The Company owns 74% of the WBJV Project 1 Mine and 26% is owned by Africa Wide Prospecting and Exploration (Pty) Limited, a wholly owned subsidiary of Wesizwe Platinum Ltd. Platinum Group is also currently drilling with 15 machines at the Waterberg Project in partnership with JOGMEC, a Japanese state company and a private empowerment company. Platinum Group is listed as PLG on the NYSE MKT and PTM on the TSX in Toronto. |
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On behalf of the Board of Platinum Group Metals Ltd.
R. Michael Jones
For further information contact:
R. Michael Jones, President
or
Kris Begic, VP, Corporate Development
Platinum Group Metals Ltd., Vancouver
Tel: (604) 899-5450 / Toll Free: (866) 899-5450
The Toronto Stock Exchange and the NYSE MKT have not reviewed and do not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management.
This press release contains forward-looking information within the meaning of Canadian securities laws and forward-looking statements within the meaning of U.S. securities laws (forward-looking statements). Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding the Companys plans to move Waterberg ahead with exploration and engineering work. In addition, the results of the UFS may constitute forward-looking statements to the extent that they reflect estimates of mineralization, capital and operating expenses, metal prices and other factors. Although the Company believes the forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in market conditions; the nature, quality and quantity of any mineral deposits that may be locate;, the Companys ability to obtain any necessary permits, consents or authorizations required for its activities; the Companys ability to successfully complete hedging establishment and off-take negotiations; the Companys ability to produce minerals from its properties successfully or profitably, to continue its projected growth, or to be fully able to implement its business strategies and other risk factors described in the Companys Form 40-F annual report, annual information form and other filings with the SEC and Canadian securities regulators, which may be viewed at www.sec.gov and www.sedar.com, respectively.
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ITEM 6. | RELIANCE ON SUBSECTION 7.1 OF NATIONAL INSTRUMENT 51-102 |
N/A | |
ITEM 7. | OMITTED INFORMATION |
N/A | |
ITEM 8. | EXECUTIVE OFFICER |
The following senior officer of the Issuer is knowledgeable about the material change and may be contacted by the Commission at the following telephone number: | |
R. Michael Jones, President & CEO Phone: (604) 899-5450 | |
ITEM 9. | DATE OF REPORT |
March 5, 2013 |
3 of 3
328
550 Burrard Street Vancouver, BCV6C 2B5 P: 604-899-5450 F: 604-484-4710 |
News Release | No. 13-247 |
March 5, 2013 |
Platinum Group Metals Announces WBJV Project 1 Resumes Work
(Vancouver/Johannesburg) Platinum Group Metals Ltd. (PTM-TSX; PLG-NYSE MKT) (Platinum Group or the Company) reports that today, in South Africa, the Notice under Section 54 of the Mine Health and Safety Act (1996) requiring it to stop its operations at WBJV Project 1 (Maseve) site has been uplifted by the Principal Inspector of mines.
The Company has resumed mine building operations and underground development with diligent attention to the instructions of the Department of Mineral Resources Inspectors.
Safety has been the number one priority of the Company since commencement of the construction of the WBJV Project 1 (Maseve) mine. A thorough investigation of the recent incident is continuing with the objectives of finding all of the causes of the incident and improving safety going forward.
About Platinum Group Metals Ltd.
Platinum Group is building the WBJV Project 1 Platinum mine in the Western Limb of the Bushveld Complex, South Africa. The Company owns 74% of the WBJV Project 1 Mine and 26% is owned by Africa Wide Prospecting and Exploration (Pty) Limited, a wholly owned subsidiary of Wesizwe Platinum Ltd. Platinum Group is also currently drilling with 15 machines at the Waterberg Project in partnership with JOGMEC, a Japanese state company and a private empowerment company. Platinum Group is listed as PLG on the NYSE MKT and PTM on the TSX in Toronto.
On behalf of the Board of
Platinum Group Metals
Ltd.
R. Michael Jones
- 30 -
PLATINUM GROUP METALS LTD. | 2 |
For further information contact:
R. Michael Jones,
President
or Kris Begic, VP, Corporate
Development
Platinum Group Metals Ltd.,
Vancouver
Tel: (604) 899-5450 / Toll
Free: (866) 899-5450
The Toronto Stock Exchange and the NYSE MKT have not reviewed and do not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management.
This press release contains forward-looking information within the meaning of Canadian securities laws and forward-looking statements within the meaning of U.S. securities laws (forward-looking statements). Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding the Companys plans to move Waterberg ahead with exploration and engineering work. In addition, the results of the UFS may constitute forward-looking statements to the extent that they reflect estimates of mineralization, capital and operating expenses, metal prices and other factors. Although the Company believes the forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in market conditions; the nature, quality and quantity of any mineral deposits that may be locate;, the Companys ability to obtain any necessary permits, consents or authorizations required for its activities; the Companys ability to successfully complete hedging establishment and off-take negotiations; the Companys ability to produce minerals from its properties successfully or profitably, to continue its projected growth, or to be fully able to implement its business strategies and other risk factors described in the Companys Form 40-F annual report, annual information form and other filings with the SEC and Canadian securities regulators, which may be viewed at www.sec.gov and www.sedar.com, respectively.