- Plato Gold (PGC) has completed a non-brokered private placement for gross proceeds of $350,000
- The offering consisted of 5,100,000 flow-through shares and 1,900,000 hard dollar (HD) units
- Each HD unit includes one common share and one common share purchase warrant
- The proceeds raised from the sale of the FT shares will be used to pay for assay results on over 2,000 meters of drill core from the company’s Good Hope Niobium Project and other properties in Ontario
- The proceeds raised from the sale of the HD units will be used for general working capital purposes and for exploration expenses
- Plato Gold Corp. is a Canadian exploration company with projects in Timmins, Ontario, Marathon, Ontario and Santa Cruz, Argentina
- Plato Gold Corp. (PGC) opened trading at C$0.04 per share
Plato Gold (PGC) has completed a non-brokered private placement for gross proceeds of $350,000.
The offering consisted of 5,100,000 flow-through shares at a price of $0.05 per FT share for gross proceeds of up to $255,000 and 1,900,000 hard dollar units at a price of $0.05 per unit for gross proceeds of $95,000.
Each HD unit includes one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of $0.07 for 24 months following the closing date of the offering.
Each FT share is composed of one common share issued on a flow-through basis
The proceeds raised from the sale of the FT shares will be used to pay for assay results on over 2,000 meters of drill core from the company’s Good Hope Niobium Project near Marathon, Ontario and to fund other properties in Ontario.
The proceeds raised from the sale of the HD units will be used for general working capital purposes and for exploration expenses on the company’s properties.
Certain company insiders subscribed for an aggregate of 2,200,000 FT shares and 1,100,000 HD units pursuant to the offering.
Eligible finders who introduced investors to the offering have been paid an aggregate cash commission of $4,800 and issued 96,000 finder units.
The securities issued will be subject to a four-month hold period.
Completion of the offering is subject to the approval of the TSX Venture Exchange and applicable securities regulatory authorities.
Plato Gold Corp. is a Canadian exploration company with projects in Timmins, Ontario, Marathon, Ontario and Santa Cruz, Argentina.
The Timmins, Ontario project includes 4 properties: Guibord, Harker, Holloway and Marriott in the Harker/Holloway gold camp located east of Timmins, Ontario with a focus on gold.
In Argentina, Plato owns a 95% interest in Winnipeg Minerals S.A. (“WMSA”), an Argentina incorporated company that holds a number of contiguous mineral rights totalling 9,672 hectares with potential for gold and silver.
Plato Gold Corp. (PGC) opened trading at C$0.04 per share.
