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Smokey Hills Platinum to be sold

African Thunder Platinum has agreed to sell all its 69.75% interest in Smokey Hills Platinum Mining to the Sail Group (SJ:SIR), a chrome-focused international commodity trading company.

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The Smokey Hills platinum project has been on care and maintenance since April 2016

In return, African Thunder will receive US$24 million in shares of Holdco, a newly-incorporated company designed to hold all of Sail’s corporate entities.

Since acquiring its stake in Marc...

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