This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
June 18, 2013 /PRNewswire/ -
Atlatsa Resources Corporation (TSXV: ATL; NYSE MKT: ATL; JSE: ATL) ("Atlatsa" or the "Company") announces that it has received a letter from the NYSE MKT LLC (the "
Exchange") regarding the Company's late notification to the Exchange of the record date for the Company's annual and special shareholders meetings scheduled for
June 28, 2013 (the "
Meetings"). The Company has set a record date of
May 28, 2013 for the Meeting, meaning shareholders as of
May 28, 2013 are entitled to attend and vote their respective shares at the Meetings.
Pursuant to Section 703 of the Exchange Company Guide, a company must immediately notify the Exchange when it establishes a record date and such notice must be given "at least ten days in advance of the record date". The Company originally published notice of a
May 21, 2013 record date for the Meetings and subsequently moved the record date for the Meetings to
May 28, 2013 in an effort to provide a sufficient notice period to the NYSE. Notwithstanding that the Company postponed the record date to
May 28, 2013, which was the last possible date in order to meet the required timeframe to mail the materials for the Meetings, it was not in sufficient time to provide a further 10 days notice to the NYSE. As a result, Atlatsa received a letter from NYSE Regulation on
June 14, 2013, advising the Company that it had not complied with Section 703 of the Company Guide.
Concurrently with the issuance of this news release, the Company is filing a Form 6-K with the Securities and Exchange Commission related to this matter. The Company confirms that
May 28, 2013 will be the record date for the Company's Meetings, which will be held on
June 28, 2013.
Atlatsa is a black economic empowerment (BEE) platinum group metals (PGM) mining, exploration and development company, with assets located on the Bushveld Igneous Complex of
South Africa. The Bushveld Complex hosts numerous PGM mines and prospects, mainly within the Merensky and UG2 reefs and the Platreef mineralized horizons. Atlatsa completed the acquisition of a controlling interest in Bokoni Platinum Mines (formerly Lebowa Platinum Mines) from Anglo American Platinum Limited in
July 2009, and now operates this four-shaft mine complex, currently producing some 150 000 4E ounces on an annualised basis. The Bokoni acquisition also gives Atlatsa controlling interests in the Ga-Phasha Project, located adjacent to Bokoni, and the Boikgantsho and Kwanda Projects.
The six PGMs, namely platinum, palladium, rhodium, osmium, ruthenium and iridium, occur together in nature alongside nickel, copper and gold. These metals have uses across various technological and industrial fields, with the automotive and jewellery sectors being key.
South Africa's Bushveld Igneous Complex is host to the largest known PGM resource in the world.
Atlatsa has a primary listing on the TSX Venture Exchange (TSXV: ATL), and secondary listings on the NYSE: AMEX (ATL) and the JSE Limited (JSE: ATL).