TSX- and NYSE-listed Platinum Group Metals (PTM) has entered into an agreement with BMO Capital Markets whereby BMO agreed to buy 8.3-million common shares of PTM at a price of $1.25 apiece, amounting to about $10.4-million.
PTM granted BMO the option to buy additional common shares equal to up to 15% of the aggregate number of offered shares to be sold in a public offering on the same terms and conditions.