|News Releases - Wednesday, November 27, 2002|
PTM Subsidiary -- Active Gold Group Ltd. Closes $500,000 Private Seed Funding
On November 26,2002 Active Gold Group Ltd., ("Active Gold") closed a
private, non-brokered seed financing for $500,000 Canadian at $0.35 per
Active Gold share with seven outside investors resulting in a total of
5,457,141 shares outstanding. Platinum Group Metals Ltd. (TSX: PTM) will
hold 1,461,904 shares of Active Gold or 26% as previously announced.