PTM aims at positive Maseve cash flow by midyear, looking at interim financing options

To achieve positive cash flow and to maintain its working capital covenants under existing loan facilities, Vancouver-based Platinum Group Metals (PTM) estimates that it needs to source between C$5-million and C$15-million of additional funding. The company would weigh options, including refinancing its existing debt, issuing new debt, private or public offerings of equity, or the sale of project or property interests, it said Friday.