Limoz Platinum Corp Under Takes Debt/equity Raising Via $45 Million Placement And Prepare To Close Merger
The Company has appointed Tiber Creek Corp to assist with investor relations matters and Cassidy & Associates as its legal advisors, both companies are very experienced in Securities and Business law.
- (1888PressRelease) May 17, 2017 - BEVERLY HILLS, CALIFORNIA - Limoz Platinum Corporation (a Delaware corporation) is pleased to announce the merger with WREN STREET ACQUISITION CORPORATION, our primary objective is to establish a well-balanced Metal Portfolio.
• $45 million placement to domestic and institutional investors
• Intention to acquire operational low cost platinum assets and Gold concession with black reef
New board structures will be finalised in due course and further details in relation to the merger will be released at a later date. Subject to satisfactory completion of preparatory steps, Limoz Platinum aims to seek to convene a shareholder meeting to close the merger in late May early June 2017.
There will be a continued focus on expansion and acquisition of other interests related to the mining of base and precious metals in Africa. These continued efforts are aimed at providing genuine value for your stock and interest in Limoz Platinum. Additional facts and information are detailed on our website http//: www.limozplat.com and www.limozresources.co.za. We invite you to visit to learn more about your investment.
Limoz Platinum' Founder & Chairman, Fredric Makololo, said:
"This is an exciting time for our shareholders and an opportunity for us to unlock the considerable value that sits under the Limoz Platinum. Following the Equity Raising and merger process, our shareholders will own shares in one public mining company with great opportunity and outlook to grow and prosper."
ABOUT US
Limoz Platinum Corp (a Delaware Corporation) is a metal investment firm engaged in the Metal mining, exploration, development, processing, refining and marketing of gold, platinum, nickel. copper, silver and all other base and precious metals, from small scale mining to large scale mining operations; and the re-development, thus reviving the old and abandoned mining properties, and finally converting these industries into a profitable-generating mining businesses.
USE OF PROCEEDS
Proceeds will be utilized for acquisition of platinum, gold assets & general corporate purposes and to complete merger with WREN STREET ACQUISITION CORPORATION.
This announcement has been prepared for publication in United State of America and may not be released in the United Kingdom or to any UK newswire service. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, registration under the US Securities Act and applicable US state securities laws.
Disclaimer
Certain statements included in this release constitute forward looking information. This information is based upon a number of estimates and assumptions made on a reasonable basis by the Company in light of its experience, current conditions and expectations of future developments, as well as other factors that the Company believes are appropriate in the circumstances. While these estimates and assumptions are considered reasonable, they are inherently subject to business, economic, competitive, political and social uncertainties and contingencies.
Many factors could cause the Company's actual results to differ materially from those expressed or implied in any forward-looking information provided by the Company, or on behalf of, the Company. Such factors include, among other things, risks relating to additional funding requirements, commodity prices, exploration, acquisition, development and operating risks, competition, production risks, regulatory restrictions, including environmental regulation and liability and potential title disputes. Forward-looking information is no guarantee of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking information due to the inherent uncertainty therein. Forward-looking information is made as at the date of this release and the Company disclaims any intent or obligation to update publicly such forward-looking information, whether as a result of new information, future events or results or otherwise.
CONTACT INFORMATION
Lebogang Fredric Makololo
Founder & Chairman
Limoz Platinum Corporation
+27 12 771 8584
pr ( @ ) limozresources dot co.za
###
space
space
Contact Information
- Fredric Makololo
- Limoz Platinum Corporation
- 3rd Floor,Steven House , 570 Fehrsen Street,Brooklyn Bridge Office Park, Brooklyn Pretoria South Afr
- 3rd Floor,Steven House , 570 Fehrsen Street,Brooklyn Bridge Office Park Brooklyn Pretoria South Afri
- 0181
- Voice: 27612163231
- Visit our Site
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam