CALGARY, Alberta, Dec. 15, 2017 (GLOBE NEWSWIRE) -- Todd Montgomery (“Mr. Montgomery”), announces that on December 15, 2017 he disposed of ownership, control or direction of 750,000 common shares (the “Shares”) of Canadian Platinum Corp. (the “Company”) at a price of CDN $0.02 per common share for aggregate consideration of CDN $15,000 (the “Transaction”). The Shares were disposed of by Mont Strategies Inc., a company wholly owned and controlled by Mr. Montgomery. The Transaction occurred on the TSX Venture Exchange.
Prior to the Transaction, Mr. Montgomery had ownership, control or direction of 52,065,000 common shares, representing 25.46% of the 204,450,829 issued and outstanding common shares of the Company on a partially diluted basis. Following the completion of the Transaction, Mr. Montgomery had ownership, control or direction of 51,315,000 common shares, representing 25.09% of the total number of issued and outstanding common shares of the Company on a partially diluted basis. Mr. Montgomery disposed of the Shares for investment purposes, and has no current intention to increase his beneficial ownership of, or control or direction over, securities of the Company. These investments will be reviewed on a continuing basis and holdings may be increased or decreased in the future.
In order to complete the Transaction, Mr. Montgomery is relying on NI 45-102, s. 2.8 – Exemption for a Trade by a Control Person – by fulfilling the conditions contained therein and electronically filing Form 45-102F1 – Notice of Intention to Distribute Securities – on the Company’s SEDAR Profile at www.sedar.com.
As a result of the Transaction and an increase in the Company’s issued and outstanding common shares, the number of common shares Mr. Montgomery had ownership, control or direction over decreased by more than 2% of the Company’s issued and outstanding common shares since the filing of the last Early Warning Report by Mr. Montgomery. In satisfaction of the requirements of the National Instrument 62-104 – Take-Over Bids And Issuer Bids and National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, an Early Warning Report respecting the disposition of common shares by Mr. Montgomery and the certain entities over which he has direction and control over will be filed under the Company’s SEDAR Profile at www.sedar.com.
For more information, contact:
Todd D. Montgomery
c/o Suite 310, 525 - 11th Avenue SW
Calgary, Alberta T2R 0C9
Phone: 306-694-1388
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.