- Plato Gold Corp. (PGC) has announced a non-brokered private placement for gross proceeds of up to $300,000
- The offering is expected to end on or about June 28, 2022
- One arm of the offering will consist of 4,000,000 flow-through shares at a price of $0.05 per FT share for gross proceeds of up to $200,000
- The other arm of the offering will consist of 2,000,000 hard dollar units at a price of $0.05 per HD unit for gross proceeds of up to $100,000
- Plato Gold Corp. is a Canadian exploration company
- Plato Gold Corp. is up 33.333 per cent, trading at $0.04 at 10:47 AM ET
Plato Gold Corp. (PGC) has announced its plan to complete a non-brokered private placement for gross proceeds of up to $300,000.
The offering is expected to end on or about June 28, 2022.
The offering will consist of 4,000,000 flow-through shares at a price of $0.05 per FT share for gross proceeds of up to $200,000; and 2,000,000 hard dollar units at a price of $0.05 per HD unit for gross proceeds of up to $100,000.
Each HD unit will consist of one common share in the capital of the company and one common share purchase warrant.
Each warrant will entitle the holder to purchase one common share at a price of $0.07 per common share until the date which is 24 months following the closing date of the offering, whereupon the warrants will expire.
The proceeds raised from the sale of the FT shares will be used to incur “Canadian exploration expenses” that are “flow-through mining expenditures” (as such terms are defined in the Tax Act) to pay for exploration work including soil and rock sampling, and assaying on Corporation’s Pic River PGM Project near Marathon, Ontario.
The proceeds will also be used to fund the corporation’s other properties in Ontario, Canada. The proceeds raised from the sale of the units will be used for general working capital purposes and for exploration expenses on the corporation’s properties.
Plato Gold Corp. is a Canadian exploration company which has three regionally based projects – Good Hope Niobium project, Timmins Gold project and Lolita project.
Plato Gold Corp. is up 33.333 per cent, trading at $0.04 at 10:47 AM ET.