Harrington Global Limited

July 13, 2015 17:08 ET

Harrington Global Limited Acquires Shares of Eastern Platinum Limited

TORONTO, ONTARIO--(Marketwired - July 13, 2015) - Harrington Global Limited ("Harrington") announced that it, on behalf of Harrington Global Opportunities Fund S.à.r.l. (the "Fund"), which it manages and advises, has acquired an aggregate of 1,500,000 common shares ("Common Shares") of Eastern Platinum Limited ("Eastern") at an average price of $1.49 per share in the open market (the "Acquisition").

As a result of the Acquisition, the Fund beneficially owns, and Harrington exercises control and direction over, an aggregate of 17,972,200 Common Shares, representing approximately 19.40% of Eastern's 92,639,032 issued and outstanding Common Shares, as reported in its management discussion and analysis dated May 13, 2015.

The securities of Eastern were acquired in the ordinary course of business, for investment purposes only. Depending on market conditions and other factors, Harrington, on behalf of the Fund, may from time to time acquire additional securities of Eastern, or continue to hold or dispose of some or all of the securities of Eastern in the open market, by private agreement or otherwise.

This press release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which requires a report to be filed on SEDAR (www.sedar.com) containing additional information with respect to the foregoing matters.

For additional information, or for a copy of the early warning report filed in respect of the above transactions, please contact Daniel Guy at 1-441-704-6900.

Contact Information

  • Daniel Guy
    1-441-704-6900