JOHANNESBURG, July 8, 2016 /PRNewswire/ - Atlatsa Resources Corporation (the "Company") (TSX: ATL; JSE: ATL) announces that it will voluntarily file a Form 15 with the United States Securities and Exchange Commission (the "SEC") to terminate the registration of its common shares under Section 12(g) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and its reporting obligations under Section 13(a) of the Exchange Act.
Management of the Company is of the view that the costs associated with continuing the registration and reporting under the Exchange Act outweigh the benefits received by the Company from maintaining its registration.
The termination will become effective 90 days after the date of filing of the Form 15 with the SEC, or within such shorter period as the SEC may determine. Upon filing of the Form 15, the Company's reporting obligations under the Exchange Act will be immediately suspended.
The Company's common shares will continue to trade on the Toronto Stock Exchange and the Johannesburg Stock Exchange, and the Company will continue to meet its Canadian and South African continuous disclosure obligations through filings with the applicable Canadian and South African securities regulators. All of the Company's filings can be found at the SEDAR website at www.sedar.com and also on www.atlatsa.com.
SOURCE Atlatsa Resources Corporation