Atlatsa Completes Arrangement

JOHANNESBURG, Sept. 18, 2019 /CNW/ - Atlatsa Resources Corporation ("Atlatsa" or the "Company") (TSX: ATL; JSE: ATL) shareholders ("Shareholders") are referred to the notice of special meeting and management information circular to Shareholders dated July 4, 2019 ("Circular"), wherein Shareholders were advised of, inter alia, the Composite Transaction (as defined in the Circular) to be implemented by way of a Canadian court‑approved plan of arrangement under section 288 of the Business Corporations Act (British Columbia) (the "Arrangement"). Shareholders are also referred to the announcement on August 27, 2019 advising Shareholders that the Composite Transaction had become wholly effective and unconditional.

Unless otherwise defined, capitalised words and terms contained in this announcement shall bear the meanings ascribed thereto in the Circular.

The Company hereby announces that payment of the Share Cash-Out Consideration was made beginning on September 16, 2019 to Shareholders whose Letter of Transmittal or Form of Surrender, as applicable, were received by the Depositary prior to such date.

In addition, the Common Shares were delisted from the Toronto Stock Exchange and the Johannesburg Stock Exchange on September 17, 2019. As previously disclosed, the Company also intends to apply to the applicable securities commissions for it to cease to be a reporting issuer in each of the provinces of Canada in which it is currently a reporting issuer.

For further information please contact
Joel Kesler
Chief Commercial Officer
Office: +27 10 286 1166
Email: Joel@atlatsa.com

Cautionary note regarding forward-looking information 

This document contains "forward-looking statements" within the meaning of the applicable Canadian securities laws, that are based on Atlatsa's expectations, estimates and projections as of the dates as of which those statements are made, including statements relating to the Arrangement, the receipt of necessary approvals, including applicable regulatory and other third-party approvals and consents. Generally, these forward-looking statements can be identified by the use of forward-looking terminology and can be identified by words such as "anticipate", "expect", "intend", "believe", "will", "could", "may", or their negatives or other comparable words.

Such forward-looking statements and forward-looking information are based, in part, on factors and assumptions that may change, thus causing actual results to differ from those expressed by the forward-looking statements or forward-looking information. Such forward-looking statements and forward-looking information involve known and unknown risks, uncertainties and other factors that may cause Atlatsa's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements or forward-looking information.

Atlatsa advises Shareholders that these cautionary remarks expressly qualify in their entirety all forward-looking statements and forward-looking information attributable to Atlatsa or persons acting on its behalf. Atlatsa assumes no obligation to update any forward-looking statements or forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting such statements or information, except as required by law. Shareholders should carefully review the cautionary notes and risk factors contained in this document and other documents that Atlatsa files from time to time with, or furnishes to, the Canadian securities regulators and which are also available under the Company's profile on SEDAR at www.sedar.com.

SOURCE Atlatsa Resources Corporation

View original content: http://www.newswire.ca/en/releases/archive/September2019/18/c2348.html