HCI buys 10% stake in PTM

South African black empowerment investment holding company Hosken Consolidated Investments (HCI), will, through a subsidiary, acquire a 10% interest in TSX-listed Platinum Group Metals (PTM). HCI has entered into a subscription agreement with PTM, on a private placement basis, for the purchase of 16.77-million units at a price of $0.19 a unit for gross proceeds of $3.19-million.