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Plato Gold Corp. Announces Sale of Timmins-Area Properties to Mayfair Gold Corp.
TORONTO, Ontario, April 02, 2026 (GLOBE NEWSWIRE) -- Plato Gold Corp. (TSX-V: PGC) (OTCQB: NIOVF) (Frankfurt: 4Y7 or WKN: A0M2QX) (“Plato” or the “Company”) announces that it has entered into a definitive asset purchase agreement (the “Agreement”) with Mayfair Gold Corp. (“Mayfair”) pursuant to which Mayfair will acquire Plato’s interests in the Guibord, Marriott and Holloway properties (collectively, the “Properties”), all located in the Timmins, Ontario area, for total cash consideration of C$
About this update from Peapack-gladstone Financial Corporation
[{"type":"image","alt":"Plato Gold Corp.","displaySize":"","headline":null,"caption":"Plato Gold Corp.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":67,"url":"https://media.zenfs.com/en/globenewswire.com/95e8d4826b90488041dcb99e60f3e372"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/j5JwcnC8dv2LNKuKkUdiiQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTk0/https://media.zenfs.com/en/globenewswire.com/95e8d4826b90488041dcb99e60f3e372","width":300,"height":67}},"lazy":false},{"type":"text","content":"TORONTO, Ontario, April 02, 2026 (GLOBE NEWSWIRE) -- Plato Gold Corp. (TSX-V: PGC) (OTCQB: NIOVF) (Frankfurt: 4Y7 or WKN: A0M2QX) (“Plato” or the “Company”) announces that it has entered into a definitive asset purchase agreement (the “Agreement”) with Mayfair Gold Corp. (“Mayfair”) pursuant to which Mayfair will acquire Plato’s interests in the Guibord, Marriott and Holloway properties (collectively, the “Properties”), all located in the Timmins, Ontario area, for total cash consideration of C$2.5 million.","length":517,"tagName":"p"},{"type":"text","content":"The Properties consist of mineral claims and mining leases located along and adjacent to the Destor–Porcupine structural corridor in the Timmins gold district. The transaction is intended to allow Plato to monetize non-core assets and focus its resources on advancing its remaining exploration portfolio.","length":304,"tagName":"p"},{"type":"text","content":"Anthony Cohen, President and Chief Executive Officer of Plato Gold Corp., commented: “Plato is pleased to conclude the sale of these assets to Mayfair Gold in order to concentrate on our flagship Good Hope niobium project, as well as other projects that we believe can add value for Plato’s shareholders. We were very pleased to be introduced to the team at Mayfair Gold and to work with them in concluding this transaction, which we believe will benefit each of our respective shareholders and allow us to monetize long-held assets. Mayfair has been professional and a pleasure to deal with throughout the process.”","length":616,"tagName":"p"},{"type":"text","content":"Properties Included in the Transaction","length":38,"tagName":"p"},{"type":"text","content":"Under the terms of the Agreement, Mayfair will acquire the following interests from Plato:","length":90,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"te...