Plate Resources Inc. Completes Initial Public Offering
600 – 666 Burrard Street Vancouver, B.C. V6P 3P6 Phone: 604-642-6175
News Release
Plate Resources Inc. Completes Initial Public Offering
June 19, 2013 – Vancouver, British Columbia. Plate Resources Inc. (the “Company”) is pleased to announce that it has successfully completed its initial public offering (the “IPO”) of 5,000,000 common shares, for gross proceeds of $750,000. The agent for the Offering was Canaccord Genuity Corp. (the “Agent”). After giving effect to the IPO, the Company now has 11,300,000 common shares issued and outstanding. The Agent received a cash commission equal to 8% of the gross proceeds of the Offering, as well as a corporate finance fee comprised of a cash payment and 100,000 common shares. The Company also granted to the Agent and its subagents non-transferable warrants to purchase up to an aggregate of 400,000 common shares of the Company at a price of $0.15 per common share. The Agent’s warrants may be exercised on or before June 19, 2015.
The Company’s common shares were listed on the TSX Venture Exchange at the opening of markets on June 19, 2013 under the trading symbol “PLR”, with trading immediately halted. The Company anticipates that trading will resume on June 21, 2013.
The Company is a junior mining resource exploration company focused on acquiring mineral properties and exploring for economically viable mineral resources. The Company’s mineral property is located in British Columbia. For more information, please refer to the Company’s prospectus dated March 21, 2013 available on SEDAR (www.sedar.com).
ON BEHALF OF THE BOARD OF DIRECTORS
“Charalambos (Harry) Katevatis”
Charalambos (Harry) Katevatis
President & Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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