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Plato Gold Announces Grant of Options
TORONTO, Oct. 29, 2018 (GLOBE NEWSWIRE) -- Plato Gold Corp. (TSX-V: PGC) (“Plato” or the “Company”), an exploration company with a portfolio of properties in No
About this update from Plato Gold Corp.
[{"type":"text","content":" TORONTO, Oct. 29, 2018 (GLOBE NEWSWIRE) -- Plato Gold Corp. (TSX-V: PGC) (“Plato” or the “Company”), an exploration company with a portfolio of properties in Northern Ontario and Santa Cruz, Argentina is pleased to announce that by a resolution of the board, and in accordance with the company’s stock option plan, approved the grant of options to acquire a total of 7,080,000 common shares of the Company at an exercise price of $0.10 per share to the Company’s directors, officers, employees, and consultants. Prior to the grant of options, the Corporation has 197,499,727 shares outstanding. A total of 6,780,000 stock options are vested on date of the grant and expiring ten years from date of the grant to the Company’s directors, officers, employees, and consultants. A total of 300,000 stock options are vested on date of the grant and expiring two years from date of the grant to a consultant. These Options have been granted in accordance with the Company’s stock option plan and are subject to acceptance by the TSX Venture Exchange. For full details, please visit us at www.platogold.com. About Plato Gold Corp. Plato Gold Corp. is a Canadian exploration company listed on the TSX Venture Exchange with projects in Marathon Ontario, Timmins Ontario and Santa Cruz, Argentina. The Good Hope Niobium Project consists of a total of 19 claims, 263 claim units and 4,208 hectares in Killala Lake Area and Cairngorm Lake Area Townships, near Marathon Ontario. In May 2017, Plato signed an option agreement with Rudy Wahl and co-owners to acquire 100% interest in the Good Hope Property. The Timmins Ontario project includes 4 properties: Guibord, Harker, Holloway and Marriott in the Harker/Holloway gold camp located east of Timmins, Ontario. Plato holds 50% interest in the Guibord property with the remaining 50% held by Osisko Mining Inc. (“Osisko”). Osisko also holds 80% interest in the Harker property with Plato holding the remaining 20%. In Argentina, Plato owns a 75% interest in Winnipeg Minerals S.A. (“WMSA”), an Argentina incorporated company. The Lolita Property, held by WMSA, is comprised of a number of contiguous mineral rights totaling 9,672 hectares. Work has advanced on this exploration property to the point that it is drill-ready ...