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SOURCE Atlatsa Resources Corporation
JOHANNESBURG, Dec. 12, 2013 /PRNewswire/ - Atlatsa Resources Corporation (Atlatsa) (TSXV: ATL; NYSE MKT: ATL; JSE:ATL) is pleased to announce that the South African Department of Mineral Resources (DMR) has executed amended mining rights in favour of its subsidiary, Bokoni Platinum Mines Pty Ltd and Anglo American Platinum Ltd's subsidiary, Rustenberg Platinum Mines Ltd respectively.
Pursuant to execution of the amended mineral titles Atlatsa and Anglo American Platinum will now proceed to implement the following series of transactions, comprising key elements of the Restructure Plan previously announced by the parties on 27 March, 2013 ("Restructure Plan"):
Implementation of these transactions will result in a material reduction in Atlatsa's balance sheet debt position and its cost of borrowing.
Please refer to www.atlatsaresources.co.za for full details of the Restructure Plan.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The NYSE MKT LLC has neither approved nor disapproved the contents of this press release.
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