Investors and media

Announcements



Atlatsa commences final phase of restructure plan

Anglo American Platinum to subscribe for 125 million common shares in Atlatsa for ZAR 750 million (US$ 70 million)

16 January 2014

Johannesburg: Atlatsa Resources Corporation (“Atlatsa”) (TSXV: ATL; NYSE MKT: ATL; JSE:ATL) is pleased to announce that it has commenced with implementation of the final stage of its group restructure plan, previously announced on 27 March, 2013 (“Restructure Plan”).

The final phase of the Restructure Plan comprises a series of transactions between Atlatsa and Anglo American Platinum Ltd’s wholly owned subsidiary, Rustenberg Platinum Mines Ltd (“Anglo American Platinum”), resulting in Anglo American Platinum subscribing for 125 million new common shares in Atlatsa for an aggregate subscription price of ZAR 750 million (US$ 70 million).

In terms of the Restructure Plan, the proceeds from the equity financing will be utilized by Atlatsa to further reduce its balance sheet debt and, consequently, reduce its cost of borrowing.

Atlatsa anticipates that its Restructure Plan will be fully completed by early February 2014.

Full details of the Restructure Plan.