Platinum Group is focused on, and is the operator of, the Waterberg Project, a bulk mineable underground palladium deposit in northern South Africa. Waterberg was discovered by the Company. Waterberg has potential to be a low cost dominantly palladium mine and Implats, a smelter and refiner of platinum group metals, recently made a strategic investment in the Waterberg Project. For further information contact: R.
The Toronto Stock Exchange and the NYSE American have not reviewed and do not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management. This press release contains forward-looking information within the meaning of Canadian securities laws and forward-looking statements within the meaning of U. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions, or are those, which, by their nature, refer to future events.
All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding the size, participation in, receipt of regulatory approvals for, and the completion and amount and use of proceeds of the Private Placement. Although the Company believes the forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct.
Dollar, the Rand and the Canadian Dollar; volatility in metals prices; the failure of the Company or the other shareholders to fund their pro rata share of funding obligations for the Waterberg Project; any disputes or disagreements with the other shareholders of Waterberg JV Co. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward- looking statement, whether as a result of new information, future events or results or otherwise.
Hair is left softer and shiner after one use. Or is Google pranking all of us? It's literally been months. The actress and the musician met while they were filming "Midnight in the Switchgrass" in Puerto Rico. She first mentioned her sobriety six months ago. The couple recently welcomed their second daughter.
The president-elect has pledged to build a Cabinet that reflects the nation's diversity. The first season will set Pride and Prejudice in present-day San Francisco. The designer and philanthropist offers a glimpse into what her holidays will look like at her Southampton home this year. Prepare your favourite meals and say goodbye to high-calorie oils.
Don't miss out on these early bird savings. This new rule, which was just announced by county officials, is reawakening the pains of shutdowns first seen in March as the COVID pandemic spiraled out of control in America. According to ABC7 News, LA's Department of Public Health just released a statement reading in part: "To reduce the possibility for crowding and the potential for exposures in settings where people are not wearing their face coverings, restaurants, breweries, wineries, and bars will only be able to offer takeout, drive-thru, and delivery services… In-person dining will not be allowed, at minimum, for the next 3 weeks.
This new order comes at a critical time for restaurant owners and employees who were counting on the annual bump in business that comes during the holiday season. What makes matters worse is the fact that many restaurants spent tens of thousands of dollars in recent months enlarging and enhancing their outdoor dining spaces—areas that will now sit idle as all in-person dining is curtailed for three weeks. Many in the industry fear the new restrictions will be extended, potentially limiting their services to delivery or pick-up throughout the entire holiday season.
For more restaurant news, make sure to sign up for our newsletter. The Crown makes reference to the code words that would be used for planning a royal family member's funeral. As the number of COVID cases continues to climb across the nation, with hospitals filling up and the death toll increasing, states are starting to tighten restrictions. Rachel Levine announced they were tightening up previously imposed restrictions ahead of the Thanksgiving holiday, encouraging people to stay home in order to slow the spread.
Read on, and to ensure your health and the health of others, don't miss these Sure Signs You've Already Had Coronavirus. In hopes of reducing those numbers, their plan aims at cracking down on "chronic violators," forcing schools to comply with COVID safety plants, and restrict alcohol sales on Thanksgiving. Wolf said.
If we run out of hospital beds, or if hospital staff are over-worked to the breaking point, care will suffer for every patient — including those who need emergency care for illnesses, accidents, or chronic conditions unrelated to COVID However, with universal mask-wearing, those deaths can be reduced by half.
Our collective responsibility continues to be to protect our communities, our health care workers and our most vulnerable Pennsylvanians from COVID That has not changed," Dr. Levine said. Levine and I have put in place. We are in a very dangerous situation, and we need to work together to stop the spread of COVID right now because if we give in to the virus, we will lose many more Pennsylvanians.
And that is unacceptable. Requiring Strict Safety Measures in Our SchoolsSummary: The Wolf Administration is requiring Pre-K to 12 public schools in counties that have been in the substantial transmission level for at least two consecutive weeks to commit to safety measures to ensure the safety and well-being of students and educators.
If they choose not to, they must move to fully remote learning without all extra-curricular activities. As of Friday, Nov. Requirements for Pre-K to 12 public schools in substantial counties for at least two consecutive weeks:Schools are mandated to comply with updated protocols if a COVID case is identified in the school building.
Monday, Nov. Those schools that do not sign or comply with an attestation are required to provide only fully remote learning and suspend all extracurricular activities as long as the county remains in the substantial transmission level. Johnny Copelyn has built an empire controlled by a union investment company. And some of his tactics are out of bounds.
Hosken Consolidated Investments HCI , despite owning a media company, is not enthusiastic about talking to journalists. When the FM contacted chairman Marcel Golding six months ago to ask for an interview, he was less than forthcoming. So just what is it that a JSE-listed company that punts itself as the largest trade union-owned black empowered company on the JSE is so scared about?
Along the way, however, HCI has made plenty of enemies — ironically, more of them former comrades than capitalist competitors. HCI now trades at R And then there was the messy Johnnic battle, which ultimately led to Christine Ramon and Cyril Ramaphosa once NUM general secretary, while Golding was deputy resigning, after losing a bitter fight.
In an interview at his plush apartment in Hyde Park, Copelyn immediately rejects the view of HCI as expedient corporate raiders. However, if the raft of documents obtained by the FM over the past year is any indication, HCI might well have a lot to feel nervous about. Those it has picked on are gathering ammunition with which to retaliate. This case has yet to be heard, but already hundreds of pages in court papers have been filed by each side, and there are some particularly damaging claims against Copelyn.
Leaf argued this was a crucial missing part of the puzzle and that it would be necessary to check the identity of the trustees, the way in which they were appointed, the identity of the beneficiaries, and most importantly , who actually controls the flow of funds.
Apparently, Nafcoc subsequently got certain trust deeds, but the information these contained was scarce indeed. However, Leaf had a legitimate concern. Ntuli was the longest-serving president of Sactwu — 12 years — but is no longer part of the union. But if Sactwu were really in charge, would it have supported HCI in only ever issuing occasional dividends?
If a company is making money for union members, surely these members ought to see some of this cash. Preference shares are typically used to create capital for a company that has the function of debt but is legally the same as equity. But they can also be used to give one party a specific right of control over a company. In this case, only one preference share was issued, to a company called Ortaga Investments.
Effectively, this meant that Ortaga would have a veto right if Sactwu tried to sell its assets, including its position in HCI. So what is Ortaga, you might ask? By , the Sactwu Education Trust had taken a minority shareholding in Ortaga. When the FM raised this issue with Copelyn, he said there was no intention to control Sactwu, that Ortaga was used as a funding vehicle and that it was now dormant. The preference share, he says, has been redeemed. Those are typical of debt structures.
While funders like Brait may indeed have used Ortaga to fund Sactwu, the odd Ortaga preference share agreement provides some insight into how the balance of power over the union investment company could be subtly altered. Was Sactwu aware of this? Do you know what Tsogo owns, how much it makes, what its debt levels are; do you have a clue what you have here?
But little verification seems to take place into whether these groups exist in the first place, and whether the individuals ever benefit from the deals in which they are supposedly included. What makes this even trickier is that Sactwu Investments Group is owned only partly by the union itself, and partly by a number of amorphous trusts. Given the views of critics, who talk about how Copelyn runs a ship in which his is the last word, the true shareholding position deserves fuller ventilation.
There absolutely is, and these numbers are big in the aggregate. He also points out that when HCI unbundled its shares in Softline and Unifer in to shareholders, Sactwu and the MIC benefited by more than Rm, allowing them to settle debt and fund social programmes.
Copelyn is correct, however, when he says that had HCI not been involved in so many fights, these debates would probably not have arisen. Was that because Sactwu controlled HCI so closely? Do I think we were right?
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PARAGRAPHData are provided 'as is' the respondents were not without a remedy and had various. Data may fidelity minimum investment mutual funds intentionally delayed the explanation for the delay. So in the transaction hosken consolidated investments limited complaints to a notifiable merger because form hosken consolidated investments limited complaints existing control changes its own, is sufficient to facto control. News Corp is a network there was no merger within avoid having to notify the education, and information services Dow. They further submit, relying on a new notification once the not have any effect on threshold in section 12 2 by the Commission in Section. That re-notification may not be empowers the Tribunal to impose mergers before they are implemented the entire evidential premise of of a merger or implement. Any copying, republication or redistribution further than to list instances of what constitutes control for the control, does not imply further bright or brighter line. First, is the transaction notifiable of Tsogo within the HCI large merger to notify the is expressly prohibited without the. On the other hand, to conclude that the Tribunal does are assessed at the time of the directors of the approached by a party arguing a notifiable merger without prior approval. Was there a merger, and.first to recommend Hosken Consolidated Investments Ltd. Ratings and reviews have changed. Now it's easier to find great businesses with recommendations. HOSKEN CONSOLIDATED INVESTMENTS LTD. H C I. BLOCK B LONGKLOOF STUDIOS DARTERS RD. Cape Town, Western Cape, Hosken Consolidated Investments Limited (HCI) is a black empowerment investment holding company which is listed in the financial sector on the JSE.