Atlatsa Resources Corporation Receives Letter From NYSE Regarding Timely Notice Of Record Date For Shareholders Meeting
VANCOUVER, 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.
About AtlatsaAtlatsa 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).
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