[miningmx.com] — PLATINUM group metal producer Platmin on Monday said it has promised to relist on the JSE before January 2013.
The company, which currently has a secondary listing on the JSE, said earlier this month that it would be delisting from the JSE as well as the Toronto Stock Exchange (TSX) as it transfers its domicile to Guernsey.
“The company has undertaken to the South African Reserve Bank and the JSE to pursue a re-listing of the company’s shares within 12 months or before January 3, 2013,” Platmin said in a statement to the stock exchange.
Platmin’s JSE listing will be suspended on Thursday this week and its delisting from the TSX will take place on Friday.
“The company expects the re-listing of its shares to take place as soon as the regional consolidation has taken place and the metal production build up is further advanced,” it said.
Platmin explores for, develops and operates platinum group metals deposits in SA.
The company’s principal current focus is the Pilanesberg Platinum Mine, which is building up to full production.
In addition, the company holds platinum interests on the eastern limb of the Bushveld Complex.
