form40f.htm
U.S.
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
40-F
or
xAnnual
report pursuant
to Section 13(a) or 15(d) of the Securities Exchange Act of 1934
For
the
fiscal year ended August 31,
2007 Commission
File Number 001-33562
Platinum
Group Metals Ltd.
(Exact
name of registrant as specified in its charter)
|
British
Columbia
(Province
or Other Jurisdiction of Incorporation or Organization)
|
1099
(Primary
Standard Industrial Classification Code)
|
Not
Applicable
(I.R.S.
Employer
Identification
No.)
|
Bentall
Tower 5
Suite
328 - 550 Burrard Street
Vancouver,
BC
Canada
V6C 2B5
(604)
899-5450
(Address
and telephone number of registrant’s principal executive offices)
|
DL
Services Inc.
U.S.
Bank Centre, 1420 5th
Avenue,
Suite 3400
Seattle,
WA 98101-4010
(206)
903-8800
(Name,
address (including zip code) and telephone number (including area
code) of
agent for service in the United
States)
|
Securities
to be registered pursuant to Section 12(b) of the Act:
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Title
of Each Class:
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Name
of Each Exchange On Which Registered:
|
|
Common
Shares, no par value
|
American
Stock Exchange
|
Securities
registered pursuant to Section 12(g) of the
Act: None
Securities
for which there is a reporting obligation pursuant to Section 15(d) of the
Act: None
For
annual reports, indicate by check mark the information filed with this
form:
xAnnual
Information
Form x Audited
Annual Financial
Statements
At
August 31, 2007, the Registrant had outstanding 60,988,747
common shares without par value.
Indicate
by check mark whether the Registrant by filing the information contained in
this
Form is also thereby furnishing the information to the Commission pursuant
to
Rule 12g3-2(b) under the Securities Exchange Act of 1934 (the "Exchange Act").
If "Yes" is marked, indicate the filing number assigned to the Registrant in
connection with such Rule. oYes
xNo
Indicate
by check mark whether the Registrant (1) has filed all reports required to
be
filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months
(or for such shorter period that the Registrant was required to file such
reports) and (2) has been subject to such filing requirements for the past
90
days. xYes
oNo
DOCUMENTS
INCORPORATED BY REFERENCE
The
annual information form (“AIF”) of Platinum Group Metals Ltd. (the “Registrant”
or the “Company”) for the fiscal year ended August 31, 2007 is incorporated
herein by reference.
The
audited consolidated financial statements of the Company for the years ended
August 31, 2007 and 2006, including the report of the auditors with respect
thereto, are incorporated herein by reference. For a reconciliation
of important differences between Canadian and United States generally accepted
accounting principles, see Note 15 to the Company’s audited consolidated
financial statements.
The
Company’s management’s discussion and analysis (“MD&A”) for the year ended
August 31, 2007 is incorporated herein by reference.
The
management information circular of the Company for the annual general meeting
of
shareholders to be held on January 8, 2008 is incorporated herein by
reference.
EXPLANATORY
NOTE
The
Company is a Canadian issuer eligible to file its annual report pursuant to
Section 13 of the Exchange Act on Form 40-F. The Company is a
“foreign private issuer” as defined in Rule 3b-4 under the Exchange
Act. Accordingly, the Company’s equity securities are exempt from
Sections 14(a), 14(b), 14(c), 14(f) and 16 of the Exchange Act pursuant to
Rule
3a12-3.
The
Company is permitted, under a multi-jurisdictional disclosure system adopted
by
the United States, to prepare this annual report on Form 40-F in accordance
with
Canadian disclosure requirements, which are different from those of the United
States.
The
Company prepares its financial statements in accordance with Canadian generally
accepted accounting practices (“GAAP”), and they may be subject to Canadian
auditing and auditor independence standards. Accordingly, the
financial statements of the Company included in this report may not be
comparable to financial statements of United States
companies. Significant differences between Canadian GAAP and United
States GAAP are described in Note 13 to the audited
consolidated financial statements of the Company included in this
report.
FORWARD
LOOKING STATEMENTS
This
report contains forward-looking statements concerning anticipated developments
in the operations of the Company in future periods, planned exploration and
development activities, the adequacy of the Company’s financial resources and
other events or conditions that may occur in the
future. Forward-looking statements are frequently, but not always,
identified by words such as “expects,” “anticipates,” “believes,” “intends,”
“estimates,” “potential,” “possible” and similar expressions, or statements that
events, conditions or results “will,” “may,” “could” or “should” occur or be
achieved. Information concerning the interpretation of drill results
and mineral resource or reserve estimates also may be deemed to be
forward-looking statements, as such information constitutes a prediction of
what
mineralization might be found to be present if and when a project is actually
developed. Forward-looking statements are statements about the future
and are inherently uncertain, and actual achievements of the Company or other
future events or conditions may differ materially from those reflected in the
forward-looking statements due to a variety of risks, uncertainties and other
factors, including, without limitation, those described in the AIF included
in
this report.
The
Company’s forward-looking statements are based on the beliefs, expectations and
opinions of management on the date the statements are made and the Company
assumes no obligation to update such forward-looking statements in the
future. For the reasons set forth above, investors should not place
undue reliance on forward-looking statements.
DISCLOSURE
CONTROLS AND PROCEDURES
The
information provided under the heading “Disclosure Controls and Internal Control
Over Financial Reporting” contained in the Company’s MD&A is incorporated by
reference herein.
MANAGEMENT’S
REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
The
information provided under the heading “Disclosure Controls and Internal Control
Over Financial Reporting” contained in the Company’s MD&A is incorporated by
reference herein.
CHANGES
IN INTERNAL CONTROL OVER FINANCIAL REPORTING
The
information provided under the heading “Disclosure Controls and Internal Control
Over Financial Reporting” contained in the Company’s MD&A is incorporated by
reference herein.
AUDIT
COMMITTEE FINANCIAL EXPERT
The
information provided under the heading “Directors and Officers – Audit Committee
and Background” contained in the Company’s AIF is incorporated by reference
herein.
INDEPENDENT
ACCOUNTANTS’ FEES
The
information provided under the headings “Directors and Officers – Independent
Auditor’s Fees” and “Directors and Officers – Pre-Approval Policies and
Procedures” contained in the Company’s AIF is incorporated by reference
herein.
CODE
OF ETHICS
The
information provided under the heading “Directors and Officers - Code of Ethics”
contained in the Company’s AIF is incorporated by reference herein.
OFF-BALANCE
SHEET ARRANGEMENTS
The
information provided “Discussion of Operations and Financial Conditions –
Off-Balance Sheet Arrangements” contained in the Company’s MD&A is
incorporated by reference herein.
TABULAR
DISCLOSURE OF CONTRACTUAL OBLIGATIONS
The
information provided under the heading “Liquidity and Capital Resources”
contained in the Company’s MD&A is incorporated by reference
herein.
UNDERTAKINGS
The
Company undertakes to make available, in person or by telephone, representatives
to respond to inquiries made by the Commission staff, and to furnish promptly,
when requested to do so by the Commission staff, information relating to: the
securities registered pursuant to Form 40-F; the securities in relation to
which the obligation to file an annual report on Form 40-F arises; or to
transactions in said securities.
CONSENT
TO SERVICE OF PROCESS
The
Company has concurrently filed with the Commission a written consent to service
of process and power of attorney on Form F-X. Any change to the name
or address of the Company’s agent for service shall be communicated promptly to
the Commission by amendment to the Form F-X referring the file number of the
Company.
SIGNATURES
Pursuant
to the requirements of the Exchange Act, the Registrant certifies that it meets
all of the requirements for filing on Form 40-F and has duly caused this amended
annual report to be signed on its behalf by the undersigned, thereunto duly
authorized.
PLATINUM
GROUP METALS LTD.
“R.
Michael Jones”
R.
Michael Jones
President,
Chief Executive Officer and Director
Date:
November 29, 2007
EXHIBIT
INDEX
The
following documents are being filed with the Commission as exhibits to this
amended annual report on Form 40-F.
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