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UPDATE: Platmin Shares Up 8%, A Day After Company Announces Voluntary Dec 15th De-Listing From TSX

Platmin Limited (PPN.TO) are trading at 13 cents today, after hitting a year low of 8.5 cents on Monday. Lundin shares are now trading at 13 cents. More than 7.1 million shares have changed hands.

Platmin announced yesterday that its shareholders have approved the special resolutions which authorize the company to make an application to the registrar of companies for entry into the register of companies in Guernsey and to repurchase its common shares. Platmin said its shareholders showed strong support, with more than 95% favouring each resolution.

Platmin said it has notified the TSX of its unanimous decision to voluntarily de-list its common shares from the TSX as its primary listing; and will work with the JSE to terminate its secondary listing. The Voluntary De-listing is expected to be effective on December 15, 2011.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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