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Plato Gold Reports on Third Quarter Results And Writes Off Accrued Liabilities
TORONTO, Nov. 21, 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, Nov. 21, 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 report the nine and three months financial results for fiscal 2018 and 2017, as summarized below: Nine Months Ended (Unaudited) Three Months Ended (Unaudited) Sept. 30, Sept. 30, Sept. 30, Sept. 30, 2018 2017 2018 2017 Income $ 2,675 $ 2,015 $ 970 $ 730 Net loss and comprehensive loss $ (383,900 ) $ (198,920 ) $ (125,977 ) $ (66,682 ) Loss per common share - basic and diluted $ - $ - $ - $ - Weighted average number of common shares outstanding - basic and diluted 197,433,061 143,591,655 197,433,061 143,591,655 At the meeting of the board of directors, the current directors and the President & CEO, agreed to write off the accrued liabilities for past directors’ fees from 2008 to 2018 and the accrued liabilities for the President & CEO’s past salary from 2015 to 2018, totaling $685,753.74. This eliminates the amount from the Company’s accrued liabilities, in exchange for $4,662.50 representing the equivalent of $100 per year for each director and for the President & CEO, for past services rendered. The board of directors also set the directors fees at $1...