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BRIEF-Atlatsa announces financial restructure plan for Atlatsa Group

Published 2017-07-21, 08:15 a/m
© Reuters.  BRIEF-Atlatsa announces financial restructure plan for Atlatsa Group
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July 21 (Reuters) - Atlatsa Resources Corp ATL.TO -

* Atlatsa announces a financial restructure plan for Atlatsa Group, a conditional disposal of mineral rights to Anglo American (LON:AAL) platinum and a care and maintenance strategy for Bokoni mine

* Atlatsa Resources - entered into a letter agreement anglo american platinum outlining key terms agreed in relation to a two-phased transaction

* Says atlatsa will implement a care and maintenance strategy for Bokoni mine

* Says atlatsa will implement financial restructure plan for atlatsa and its subsidiaries

* Says anglo American platinum to fund all costs associated with care and maintenance process up until 31 December 2019

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