NEW YORK (AP) â¿¿ Platinum Group Metals Ltd. said Wednesday that it has completed a sale of common shares for $18.8 million.

The international platinum miner said it closed on a sale of 9.15 million common shares at $2.05 per share. Platinum Group said it plans to use the proceeds from the sale to expand a project in South Africa and for general purposes.

Shares fell 3 cents, or 1.42 percent to $2.08 in afternoon trading.

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