UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934*
(Amendment No.6)
Platinum Group Metals Ltd.
(Name of Issuer)
Common Shares, No Par Value
(Title of Class of Securities)
72765Q882
(CUSIP Number)
COPY TO:
Joshua Beiser
Senior Investment Counsel
Liberty Mutual Insurance
175 Berkeley Street
Boston, MA 02116
Tel: 617-357-9500
(Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications)
July 21, 2021
(Dates of Events which Require Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box ☐
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent.
| * | The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. |
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| CUSIP No. 72765Q601 | SCHEDULE 13D |
| 1. | NAME OF REPORTING PERSONS
Liberty Metals & Mining Holdings, LLC | |||||
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
| |||||
| 3. | SEC USE ONLY
| |||||
| 4. | SOURCE OF FUNDS
OO | |||||
| 5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
☐
N/A | |||||
| 6. | CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7. | SOLE VOTING POWER
5,498,051 | ||||
| 8. | SHARED VOTING POWER
0 shares | |||||
| 9. | SOLE DISPOSITIVE POWER
5,498,051 | |||||
| 10. | SHARED DISPOSITIVE POWER
0 shares | |||||
| 11. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,498,051 | |||||
| 12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐
N/A | |||||
| 13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.38% | |||||
| 14. | TYPE OF REPORTING PERSON
OO | |||||
Liberty Metals & Mining Holdings, LLC (“LMMH”) hereby amends the report on Schedule 13D filed with the Commission on January 10, 2013 (the “Schedule 13D”), as it has been amended from time to time, with respect to the shares of common stock, no par value, of Platinum Group Metals Ltd. (the “Issuer” or “Platinum Group”).
Except as set forth below, all Items of the Schedule 13D remain unchanged. All capitalized terms used by not defined herein have the meaning assigned to them in the Schedule 13D.
Item 2. Identity and Background
Item 2 is amended with respect to Schedule A, updating the Executive Officers of LMMH and its beneficial owners.
Item 3. Source and Amount of Funds or Other Consideration
Item 3 of Schedule 13D is hereby amended by adding the following paragraph immediately following the last paragraph of Item 3.
On July 21, 2021, LMMH sold 58,013 Common Shares of the Issuer at a price of US$3.08 per Common Share in the public market for gross proceeds of US$178,860.
Item 4. Purpose of Transaction
No Modification
Item 5. Interest in Securities of the Issuer
Item 5 (a) and (b) are hereby amended and restated as follows:
(a) On, July 21, 2021, LMIH disposed of 58,013 shares. Following the sale on July 21, 2021, LMMH currently holds 5,498,051 Common Shares representing 7.38% of the 74,497,675 current issued and outstanding Common Shares as reported by the Issuer.
(b) LMMH has the sole power to vote or direct the vote of, and the sole power to dispose or direct the disposition of, 5,498,051Common Shares. LMMH has no shared power to either vote or dispose of the shares.
(c) During the 60 days preceding the date of this report, the Reporting Person sold and purchased the following shares of the Issuer’s Common Shares and Warrants.:
| Reporting Person |
Date Sold |
Quantity |
Price Per Share | |||
| LMMH | June 23, 2021 | 150,000 | US$3.74 | |||
| LMMH | June 24, 2021 | 111,400 | US$3.71 | |||
| LMMH | June 25, 2021 | 30,000 | US$3.70 | |||
| LMMH | June 28, 2021 | 16,343 | US$3.61 | |||
| LMMH | June 29, 2021 | 43,545 | US$3.67 | |||
| LMMH | June 30, 2021 | 80,000 | US$3.64 | |||
| LMMH | July 2, 2021 | 15,717 | US$3.61 | |||
| LMMH | July 6, 2021 | 28,279 | US$3.43 | |||
| LMMH | July 7, 2021 | 65,000 | US$3.32 | |||
| LMMH | July 12, 2021 | 80,000 | US$3.16 | |||
| LMMH | July 13, 2021 | 42,584 | US$3.12 | |||
| LMMH | July 15, 2021 | 31,551 | US$3.46 | |||
| LMMH | July 21, 2021 | 58,013 | US$3.08 | |||
(d)With respect to LMMH, to the best of its knowledge, no other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceedings from the sale of, such securities, where such interest relates to either more or less than five percent of the class.
(e)Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
None
Item 7. Material to be Filed as Exhibits
None.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
| LIBERTY METALS & MINING HOLDINGS, LLC | ||||||
| Dated: July 22, 2021 | By: | /s/ Damon Barber | ||||
| Damon Barber | ||||||
| Vice President | ||||||
SCHEDULE A
Controlling Persons
Liberty Metals & Mining Holdings, LLC, is a Delaware, member-managed, limited liability company. Liberty Mutual Insurance Company, its sole member, is a Massachusetts stock insurance company which is an indirect subsidiary of Liberty Mutual Holding Company Inc., a Massachusetts mutual holding company. Liberty Mutual Holding Company Inc. is the ultimate controlling person of Liberty Metals & Mining Holdings, LLC. Liberty Mutual Holding Company Inc. is a mutual holding company wherein its members are entitled to vote at meetings of the company. No such member is entitled to cast 10% or more of the votes. Liberty Mutual Holding Company Inc. has issued no voting securities.
The director and officer information for Liberty Metals & Mining Holdings, LLC, Liberty Mutual Insurance Company and Liberty Mutual Holding Company Inc. is as follows:
Liberty Metals & Mining Holdings, LLC
175 Berkeley Street
Boston, Massachusetts 02116
Executive Officers
| Vlad Barbalat |
Paul Mitrokostas |
Christopher L. Peirce | ||
| President |
Senior Vice President |
Executive Vice President and | ||
| Citizenship: U.S.A. |
Citizenship: U.S.A. |
Chief Financial Officer | ||
| Citizenship: U.S.A. | ||||
| Mark C. Touhey |
James F. Kelleher |
Edward Pena | ||
| Executive Vice President |
Executive Vice President |
Assistant Treasurer | ||
| and Secretary |
Citizenship: U.S.A. |
Citizenship: U.S.A. | ||
| Citizenship: U.S.A. |
||||
| Damon Barber |
Caury Baily |
Michael P. Russell | ||
| Vice President |
Vice President and |
Treasurer | ||
| Citizenship: U.S.A. |
Assistant Treasurer |
Citizenship: U.S.A. | ||
| Citizenship: U.S.A. |
||||
| Thomas Lovvoll |
Gwen B. Steele |
James Closson | ||
| Vice President |
Assistant Treasurer |
Vice President | ||
| Citizenship: U.S. A. |
Citizenship: U.S.A. |
Citizenship: U.S.A. | ||
Liberty Mutual Insurance Company
175 Berkeley Street
Boston, Massachusetts 02116
Executive Officers
| David H. Long Chairman of the Board and
Chief |
Melanie M. Foley Executive Vice President and Chief Talent & Enterprise Services
Officer |
Mark C. Touhey Executive Vice President and Secretary | ||
| Timothy M. Sweeney President
|
Neeti Bhalla Johnson Executive Vice
President |
Christopher L. Peirce Executive Vice President and Chief Financial Officer | ||
| James M. McGlennon Executive Vice President
and |
Dennis J. Langwell Executive Vice President Citizenship: U.S.A. |
James F. Kelleher Executive Vice President
and Chief Legal Officer | ||
| Edward Pena Executive Vice President and Treasurer
James MacPhee Executive Vice President Citizenship: U.S.A. |
Alison B. Erbig Executive Vice President and
Comptroller |
Vlad Barbalat Executive Vice President and Chief Investment Officer Citizenship: U.S.A. | ||
Directors
| David H. Long Chairman of the Board and
Chief Executive Officer |
Neeti Bhalla Johnson Executive Vice President Citizenship: U.S.A. |
Melanie M. Foley Executive Vice President and Chief Talent & Enterprise Services
Officer | ||
| James F. Kelleher Executive Vice President and Chief Legal Officer Citizenship: U.S.A. |
Dennis J. Langwell Executive Vice President Citizenship: U.S.A. |
Christopher L. Peirce Executive Vice President and Chief Financial Officer Citizenship: U.S.A. | ||
| Timothy M. Sweeney President Citizenship: U.S.A.
|
Mark C. Touhey Executive Vice President and
Secretary
|
James M. McGlennon Executive Vice President and Chief Information Officer | ||
| Vlad Barbalat Executive Vice President and Chief Investment Officer Citizenship: U.S.A. |
James MacPhee Executive Vice President Citizenship: U.S.A. |
|||
Executive Officers and Directors of Ultimate Control Person
Liberty Mutual Holding Company Inc.
175 Berkeley Street
Boston, Massachusetts 02116
Executive Officers
| David H. Long | Melanie M. Foley | Neeti Bhalla Johnson | ||
| Chairman of the Board and |
Executive Vice President and | Executive Vice President | ||
| Chief Executive Officer |
Chief Talent & Enterprise | Citizenship: U.S.A. | ||
| Citizenship: U.S.A. |
Services Officer | |||
| Citizenship: U.S.A. | ||||
| Christopher L. Peirce | Dennis J. Langwell | Timothy M. Sweeney | ||
| Executive Vice President and |
Executive Vice President | President | ||
| Chief Financial Officer |
Citizenship: U.S.A. | Citizenship: U.S.A. | ||
| Citizenship: U.S.A |
||||
| James F. Kelleher | James M. McGlennon Executive Vice President and |
Mark C. Touhey Executive Vice President and | ||
| Executive Vice President and |
Chief Information Officer | Secretary | ||
| Chief Legal Officer |
Citizenship: U.S.A. & | Citizenship: U.S.A. | ||
| Citizenship: U.S.A. |
Ireland | |||
| Anthony G. Martella, Jr. | Edward Pena | Alison B. Erbig | ||
| Executive Vice President and |
Executive Vice President | Executive Vice President and | ||
| Corporate Actuary |
and Treasurer | Comptroller | ||
| Citizenship: U.S.A. |
Citizenship: U.S.A. | Citizenship: U.S.A. | ||
| Vlad Barbalat | James MacPhee | |||
| Executive Vice President and |
Executive Vice President | |||
| Chief Investment Officer |
Citizenship: U.S.A. | |||
| Citizenship: U.S.A. |
||||
Liberty Mutual Holding Company Inc.
175 Berkeley Street
Boston, Massachusetts 02116
Directors
| David H. Long | Nancy W. Quan | Francis A. Doyle, III | ||
| Chairman of the Board |
Chief Technical and Innovation | President and Chief Executive | ||
| and Chief Executive Officer |
Officer | Officer | ||
| c/o Liberty Mutual Holding Company |
The Coca-Cola Company | Connell Limited Partnership | ||
| Inc. |
c/o Liberty Mutual Holding | c/o Liberty Mutual Holding | ||
| Citizenship: U.S.A. |
Company Inc. | Company Inc. | ||
| Citizenship: U.S.A. | Citizenship: U.S.A. | |||
| John P. Manning | Thomas J. May | Myrtle Stephens Potter | ||
| Chairman, President and Chief |
Retired Chairman, President | Chief Executive Officer | ||
| Executive Officer |
and Chief Executive Officer | Sumitovant Biopharma Inc. | ||
| Boston Capital Corporation |
Eversource Energy | c/o Liberty Mutual Holding | ||
| c/o Liberty Mutual Holding Company |
c/o Liberty Mutual Holding | Company Inc. | ||
| Inc. |
Company Inc. | Citizenship: U.S.A. | ||
| Citizenship: U.S.A. & Ireland |
Citizenship: U.S.A. | |||
| Martin P. Slark | ||||
| Ellen A. Rudnick | Angel A. Ruiz | Retired Chief Executive Officer | ||
| Senior Advisor, Polsky Center for |
Chairman, MediaKind | Molex LLC | ||
| Entrepreneurship and Innovation, |
c/o Liberty Mutual Holding | c/o Liberty Mutual Holding | ||
| University of Chicago |
Company Inc. | Company Inc. | ||
| c/o Liberty Mutual Holding Company |
Citizenship: U.S.A. | Citizenship: U.S.A. & United | ||
| Inc. |
Kingdom | |||
| Citizenship: U.S.A. |
||||
| Eric A. Spiegel | William C. Van Faasen | Annette M. Verschuren, O.C. | ||
| Retired President and Chief Executive |
Chairman Emeritus, | Chair and Chief Executive Officer, | ||
| Officer |
Blue Cross and Blue Shield of | NRStor Inc. | ||
| Siemans Corporation |
Massachusetts, Inc. | c/o Liberty Mutual Holding | ||
| c/o Liberty Mutual Holding Company |
c/o Liberty Mutual Holding | Company Inc. | ||
| Inc. |
Company Inc. | Citizenship: Canada | ||
| Citizenship: U.S.A. |
Citizenship: U.S.A. | |||
| Joseph L. Hooley | George Serafeim | |||
| Retired Chairman and former |
Charles M Williams Professor of | |||
| Chief Executive Officer, |
Business Administration, | |||
| State Street Corporation |
Harvard Business School | |||
| c/o Liberty Mutual Holding Company |
c/o Liberty Mutual Holding | |||
| Inc. |
Company Inc. | |||
| Citizenship: U.S.A. |
Citizenship: U.S.A. | |||