| Thu 30 Jun 2011, 14:53 | | EPS - Eastern Platinum Limited - Eastplats aware of notice of application |
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EPS
EPS
EPS - Eastern Platinum Limited - Eastplats aware of notice of application
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: CA 2768551038
June 30, 2011
Trading Symbol: ELR (TSX & AIM) EPS (JSE)
S&P TSX Composite Index
NEWS RELEASE
EASTPLATS AWARE OF NOTICE OF APPLICATION
Eastern Platinum Ltd ("Eastplats" or "the Company") reports that it has become
aware that the law firm of Siskinds LLP of London, Ontario, has filed a "Notice
of Application" under the Class Action Proceedings Act, 1992, in the Ontario
Superior Court of Justice against the Company and three of its directors and
officers. The Notice of Application seeks permission of the Court to grant leave
or permission to commence a lawsuit under the Securities Act of Ontario and
other provinces in respect to certain alleged breaches of disclosure
obligations. The Company and its officers and directors have not been served
with any court documents.
The proposed plaintiff, Mr. Brian Bradley still requires permission, or leave
of the court, in order to proceed with a case. After reviewing the documents
filed with the Court, the Company is of the view that the allegations are
completely without merit and intends to vigorously defend the proposed lawsuit.
Total shares issued and outstanding: 908,187,807
For further information contact:
Investor Relations
Website: www.eastplats.com
Email: info@eastplats.com
Tel: +1-(604)-685-6851, Fax: +1-(604)-685-6493
NOMAD:
Mark Williams / Ryan Cohen
Canaccord Genuity Limited, London
Email: mwilliams@canaccordgenuity.com / rcohen@canaccordgenuity.com
Tel: +44 20 7050 6500
JSE SPONSOR:
Johan Fourie
PSG Capital (Pty) Limited
Email: johanf@psgcapital.com
Tel: +27 21 887 9602
No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein.
Cautionary Statement on Forward-Looking Information
Certain statements included herein constitute "forward-looking statements"
within the meaning of applicable Canadian securities legislation. These
forward-looking statements are based on certain assumptions by Eastplats and
therefore, readers are cautioned that forward-looking statements are not a
guarantee of future performance. There can be no assurance that such statements
will prove to be accurate and actual results could differ materially from those
expressed or implied in such forward-looking statements due to factors such as
general economic and market conditions, changes in government legislation,
controls, regulations and political developments.
The Company disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future events
or otherwise, except to the extent required by applicable laws.
Date: 30/06/2011 14:53:01 Produced by the JSE SENS Department.
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