Sept 6 (Reuters) - Platinum Group Metals Ltd PTM.TO
* Platinum Group Metals Ltd. announces proposed sale of Maseve mine
* Platinum Group Metals Ltd - has entered into a term sheet to sell Maseve Investments 11 Proprietary Limited to Royal Bafokeng Platinum Limited
* Platinum Group Metals Ltd- transaction valued at approximately US$74.0 million, payable as to US$62.0 million in cash and US$12.0 million in RBPLAT common shares
* Cash proceeds of sale will be used to repay debt