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Stocks in play: Eastern Platinum Limited

Baystreet.ca
·1 min read

Has reached a settlement agreement with AlphaGlobal Capital Inc. to dismiss all claims against the Company and its subsidiaries and to release the Company from any and all claims that AlphaGlobal may have against the Company or its subsidiaries, in exchange for the issuance of 8,000,000 common shares of the Company at a deemed subscription price of $0.235 CDN(CDN$1,880,000), 6,000,000 common share purchase warrants exercisable at $0.24 CDN each entitling the holder to acquire one Common Share of the Company for a period of two years, and the payment of South African Rand 9,000,000 (ZAR5,000,000 on closing and ZAR1,000,000 each quarter end starting on September 30, 2020) (CDN$720,000). Eastern Platinum Limited shares T.ELR are trading unchanged at $0.29.

Read: Stocks in Play: QuestCap Inc.