Oct 16 (Reuters) - Platinum Group Metals Ltd PTM.TO :
* Impala Platinum makes strategic investment to advance development of the Waterberg PGE project
* Platinum Group Metals Ltd says immediately purchase 15.0 percent interest in Waterberg project for US$30.0 million
* Platinum Group Metals Ltd - Impala Platinum Holdings entered deals with co, the Japan Oil, Gas and Metals National Corporation, among others
* Platinum Group Metals Ltd - co to retain 31.96% direct & indirect interest in Waterberg project if implats were to exercise its full option
* Platinum Group Metals Ltd - JOGMEC will retain certain metal marketing rights to final metal related to Waterberg project
* Platinum Group Metals Ltd - initial purchase does not effect change of control of Waterberg project
* Platinum Group-implats to have option to up stake in Waterberg project to 50.01% with additional purchases,earn-in arrangements totaling US$166 million