SEC Form SC 13D/A filed by Platinum Group Metals Ltd. (Amendment)

 

 

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 Executive Officer Citizenship: U.S.A.		Melanie M. Foley Executive Vice President and Chief Talent & Enterprise Services Officer Citizenship: U.S.A.		Mark C. Touhey Executive Vice President and Secretary Citizenship: U.S.A.
Timothy M. Sweeney President Citizenship: U.S.A.		Neeti Bhalla Johnson Executive Vice President Citizenship: U.S.A.		Christopher L. Peirce Executive Vice President and Chief Financial Officer Citizenship: U.S.A.
James M. McGlennon Executive Vice President and Chief Information Officer Citizenship: U.S.A. & Ireland		Dennis J. Langwell Executive Vice President Citizenship: U.S.A.		James F. Kelleher Executive Vice President and Chief Legal Officer Citizenship: U.S.A.
Edward Pena Executive Vice President and Treasurer Citizenship: U.S.A.   James MacPhee Executive Vice President Citizenship: U.S.A.		Alison B. Erbig Executive Vice President and Comptroller Citizenship: U.S.A.		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 Citizenship: U.S.A.		Neeti Bhalla Johnson Executive Vice President Citizenship: U.S.A.		Melanie M. Foley Executive Vice President and Chief Talent & Enterprise Services Officer Citizenship: U.S.A.
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 Citizenship: U.S.A.		James M. McGlennon Executive Vice President and                 Chief Information Officer Citizenship: U.S.A. & Ireland
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.