Platinum Group Metals Corporation v. Oriental Peninsula Resources Group, Inc.

August 17, 2017SEC EN BANC CASE NO. 01-10-190PLATINUM GROUP METALS CORPORATION, complainant-appellants, vs. ORIENTAL PENINSULA RESOURCES GROUP, INC., respondent-appellee.DECISIONThis resolves the Notice and Memorandum of Appeal 1 filed on 4 January 2010 by Platinum Group Metals Corporation, (Appellants) against the Decision dated 15 December 2009 of the Corporation Finance Department (CFD), now Corporate Governance and Finance Department. 2 The facts, as summarized by the CFD are as follows:On August 22, 2007, Oriental filed a Registration Statement with the Commission covering its 1,452,000,005 shares of stock, of which Three Hundred Million (300,000,000) was represented to be offered to the public through an initial public offering (IPO) at an offer price range of P1.98 to P2.98 per share. After several amendments to the Registration Statement filed, the Commission, in its meeting on November 20, 2007, favorably considered the application for registration filed by Oriental and caused the issuance of a pre-effective letter, subject to the submission/compliance with the following:• Final prospectus;• A copy of the duly executed Underwriting Agreement;• Favorable indorsement of the Registration Statement from the...