| Wed 22 Aug 2007, 9:19 | | EPS - Eastern Platinum Limited - News release - Ze |
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EPS
EPS
EPS - Eastern Platinum Limited - News release - Zero exposure to Coventree Inc.
EASTERN PLATINUM LIMITED
(Incorporated in Canada)
(Canadian Registration number BC0722783)
(South African Registration number 2007/006318/10)
Share Code TSX: ELR ISIN: CA 2768551038
Share Code AIM: ELR ISIN: CA 2768551038
Share Code JSE: EPS ISIN: CA2768551038
("Eastplats" or "the Company")
NEWS RELEASE - ZERO EXPOSURE TO COVENTREE INC.
Mr. Ian Rozier, President and CEO of Eastern Platinum Limited ("Eastplats") is
pleased to report that Eastplats` investments are not exposed to any financial
instruments involving the US residential property market, mortgages, or to
Coventree Inc.
Eastplats has over Cnd$204 Million in its treasury which is invested in highly
liquid financial instruments. These investments comprise Guaranteed Investment
Certificates (GIC`s) with BMO, Banker`s Acceptances (BA`s) fully guaranteed by
TD Bank, Bearer Deposit Notes (BDN`s) issued and fully guaranteed by TD Bank and
in TD Bank and BMO sponsored Financial Instruments with no exposure to U.S.
residential mortgages. Eastplats is also invested in GE Capital Funding Company
Commercial Paper based on the guarantee from General Electric Capital
Corporation as well as the support of the ultimate parent, General Electric
Company.
Eastplats has no exposure whatsoever to investments with Coventree Inc.
For further information contact:
Investor Relations
Website: www.eastplats.com
Email: info@eastplats.com
#501-837 West Hastings Street,
Vancouver, BC, Canada, V6C 3N6
Tel: (604) 685-6851, Fax: (604) 685-6493
NOMAD:
Canaccord Adams Limited, London
Email: Robin.Birchall@canaccordadams.com
Clayton.Bush@canaccordadams.com
Tel: +44 20 7050 6752
JSE Sponsor:
PSG Capital (Pty) Limited
Email: andreg@psgcapital.com
anjem@psgcapital.com
Tel: +27 21 887 9602
22 August 2007
Date: 22/08/2007 09:19:04 Produced by the JSE SENS Department.
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