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Plato Gold Corp. Announces $350,000 Non-Brokered Private Placement
NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE SERVICES TORONTO, June 11, 2019 (GLOBE NEWSWIRE) -- Plato Gold Corp. (TSX-V: PGC) (“Pl
About this update from Plato Gold Corp.
[{"type":"text","content":" NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE SERVICES TORONTO, June 11, 2019 (GLOBE NEWSWIRE) -- Plato Gold Corp. (TSX-V: PGC) (“Plato” or the “Corporation”) is pleased to announce that it intends to complete a non-brokered private placement of up to 3,500,000 common shares (a “Share” or “Shares”) at a price of CAN$0.10 per Share, for gross proceeds of approximately $350,000 (the “Offering”). Closing of the Offering is expected to occur on or about July 12, 2019. The securities issued pursuant to the Offering will be subject to a four month and one day statutory hold period. The Corporation intends to use the net proceeds from the Offering on exploration to advance the Good Hope Niobium Property and for general working capital purposes. “I am very pleased to be in a position to advance the Good Hope Niobium Project near Marathon, as niobium is very much in demand for all of its unique characteristics. With the current world trade difficulties, end users will be looking to diversify their source of supply,” said Anthony J. Cohen, CEO of Plato. Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and applicable securities regulatory authorities. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. 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 254 claims, consisting of 227 Single Cell Mining Claims and 27 Boundary Cell Mining Claims, and covers an area of approximately 5,100 hectares in Killala Lake Area and Cairngorm Lake Ar...