Northam Platinum announced the full capital redemption of the R2 million domestic medium term note (DMTN) programme on Friday 4 September 2015, the maturity date of the notes.

The fully capital redemption amount of R1.37 million of the HM001 notes will be settled in accordance with the terms and condition, the company said.

Northam initiated the DMTN programme in 2012 to raise additional third party debt funding to partially fund part of Northam’s Booysendal mine development and general working capital expenditure of the company.

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