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
under the Securities Exchange Act of 1934
For the month of: January, 2018
Commission File Number: 001-33562
PLATINUM GROUP METALS LTD.
Suite 788 550 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 [X] Form 40-F [ ]
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): [ ]
SIGNATURE
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.
PLATINUM GROUP METALS LTD. | |
/s/ Frank Hallam | |
Date: February 23, 2018 | Frank Hallam |
Chief Financial Officer |
EXHIBIT INDEX
Exhibit | Description |
99.1 | News Release dated February 23, 2018 |
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788 550 Burrard Street Vancouver, BC V6C 2B5 P: 604-899-5450 F: 604-484-4710 |
News Release | No. 18-361 |
February 23, 2018 | |
Platinum Group Metals Announces Positive Results
of
Annual General Meeting of
Shareholders
(Vancouver/Johannesburg) Platinum Group Metals Ltd. (PTM-TSX; PLG-NYSE MKT) (Platinum Group or the Company) is pleased to announce the positive results from its Annual General Meeting held on February 23, 2018 in Vancouver, BC.
The meeting had a turnout of shareholders representing over 62% of its issued shares eligible to vote at the meeting. Shareholders strongly supported the appointment of the Board and the resolutions proposed.
R. Michael Jones, President, CEO and co-founder of Platinum Group Metals said We were pleased to see the support of shareholders. During 2017 the Company undertook some difficult decisions. The business of the Company is now focused on the palladium dominant Waterberg Project and we look forward to 2018 and the advancement of that project.
The number of directors is fixed at five and on a show of hands the shareholders at the meeting elected managements five nominees for directors. Details of the proxy voting are as follows:
MOTIONS |
NUMBER OF SHARES |
PERCENTAGE OF VOTES CAST |
|
FOR |
FOR |
WITHHELD/ ABSTAIN | |
R. MICHAEL JONES | 67,185,768 | 98.08% | 1.92% |
FRANK R HALLAM | 66,395,996 | 96.92% | 3.08% |
IAIN D C MCLEAN | 67,204,598 | 98.11% | 1.89% |
TIMOTHY D MARLOW | 67,379,465 | 98.36% | 1.64% |
DIANA J WALTERS | 67,436,065 | 98.44% | 1.56% |
At the Annual General Meeting the Board of Directors was reduced from seven members in the previous year to five members. Long term past directors Eric Carlson and Barry Smee are thanked for their many years of dedicated service and guidance to the Company.
Shareholders also voted 96.31% in favour of re-appointing PricewaterhouseCoopers LLP as auditors, and to authorize the Directors to fix the auditors remuneration for the ensuing year.
At a meeting of the Board of Directors following the shareholders meeting, the current officers of the Company were ratified for the following year.
For more information on these matters, please refer to Platinum Groups information circular, available on SEDAR (www.sedar.com) or visit our website at www.platinumgroupmetals.net.
PLATINUM GROUP METALS LTD. | 2 |
About Platinum Group Metals Ltd.
Platinum Group is focused on, and is the operator of, the Waterberg Project, a bulk mineable underground deposit in northern South Africa. Waterberg was discovered by the Company. Waterberg has potential to be a low cost dominantly palladium mine and Impala Platinum recently made a strategic investment in the Waterberg Project.
On behalf of the Board of
Platinum Group Metals
Ltd.
R. Michael Jones
President, CEO and Director
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
www.platinumgroupmetals.net
Disclosure
The Toronto Stock Exchange and the NYSE MKT LLC 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 may contain forward-looking information within the meaning of Canadian securities laws and forward-looking statements within the meaning of U.S. securities laws (collectively 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. Although the Company believes any 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. The Company directs readers to the risk factors described in the Companys Form 20-F annual report, annual information form and other filings with the Securities and Exchange Commission and Canadian securities regulators, which may be viewed at www.sec.gov and www.sedar.com, respectively.