| Wed 2 Dec 2009, 13:00 | | PLN - Platmin Limited - Platmin changes financial year-end |
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PLN
PLN
PLN - Platmin Limited - Platmin changes financial year-end
Platmin Limited
Incorporated in the accordance with the laws of Canada
Registration number: 610178-0
Share code on TSX: PPN
Share code on AIM: PPN
Share code on JSE: PLN
ISIN: CA72765Y1097
Platmin Changes Financial Year-End
NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE
SERVICES
December 1, 2009 TORONTO: Platmin Limited ("Platmin" or "the Company";
TSX/AIM: PPN; JSE: PLN) advises that it is changing its financial year-end to
December 31 in each calendar year. Currently, Platmin`s financial year-end is
the last day in February in each calendar year. Platmin`s current financial
year will now end on 31 December 2009, and its next financial year will
commence on 1 January 2010. Platmin will also file interim unaudited financial
statements for the three and nine month periods ended 30 November 2009.
As required under applicable Canadian securities laws Platmin has made a
notification filing regarding the change of year-end, which is available on
SEDAR at www.sedar.com.
Platmin Chief Financial Officer, Mr Wayne Koonin, said, "The change will
help us streamline our quarterly financial reporting to be calendar based in
line with the majority of mining companies and aligns us with the financial
year end of our major shareholder Pallinghurst Resources."
For further information please contact:
Keith Liddell, Non-executive Deputy Chairman
+27 12 661 4280
Wayne Koonin, Chief Financial Officer
+27 12 661 4280
Investec Bank plc (Nominated Adviser)
Stephen Cooper
+44 207 597 5104
Russell & Associates
Nicola Taylor
+27 11 880 3924
About Platmin
Platmin is an explorer and emerging PGM producer whose four key projects
host mineral resources and reserves: Pilanesberg, M`phahlele, Grootboom and
Loskop. The Pilanesberg Project is presently in the `ramp up` phase and is
expected to meet the design production rates during 2009. The despatch of PGM
concentrates to the custom smelter commenced in April 2009. All of Platmin`s
projects are located in the Bushveld Complex of South Africa, which is
estimated to contain approximately 90% of global platinum mineral resources.
Sponsor: Investec Bank Limited
2 December 2009
Date: 02/12/2009 13:00:01 Produced by the JSE SENS Department.
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