Plato Gold Announces Engagement of Red Cloud Securities
For Immediate Release
Plato Gold Announces
Engagement of Red Cloud Securities
Toronto, December 16, 2024 – Plato Gold Corp. (TSX-V: PGC) (OTCQB: NIOVF)
(FRANKFURT: 4Y7 OR WKN: A0M2QX) (“Plato” or the “Company”) an exploration company
with a portfolio of properties in Northern Ontario and Santa Cruz, Argentina is pleased to announce
that, subject to regulatory approval, it has retained Red Cloud Securities (“Red Cloud”) to provide
liquidity services to the Company in compliance with the policies and guidelines of the TSX
Venture Exchange (“TSX -V”) and other applicable legislation. Red Cloud is a Toronto- based
financial services company that provides assistance to mineral exploration and mining companies
in accessing capital markets and enhancing their corporate profile. Red Cloud will trade shares of
Plato on the TSX -V for the purposes of maintaining a reasonable market and improving the
liquidity of Plato's common shares.
Under the agreement, the Company will pay Red Cloud $5,000 per month during the term, payable
monthly in advance. The term of engagement is ongoing and may be terminated by either party on
30 days’ prior written notice. The Company and Red Cloud have an arm’s length relationship, but
Red Cloud and/or its clients may have an interest, directly or indirect ly, in the securities of Plato.
The agreement is principally for the purposes of maintaining market stability and liquidity for the
Company's common shares and is not a formal market making agreement. There are no
performance factors contained in the agreement between Red Cloud and the Company and Red
Cloud will not receive any shares or options from the Company as compensation for services it
will render.
About Red Cloud Securities Inc.
Red Cloud Securities Inc. is registered as an Investment Dealer and is a member of the Canadian
Investment Regulatory Organization (CIRO). Red Cloud Securities registration as an Investment
Dealer is specific to the provinces of Alberta, British Columbia, Manitoba, Ontario, Quebec, and
SaskatchewanIt is focused on providing unique comprehensive capital market services and
innovative financing alternatives to the junior resource sector. The company was founded by
capital markets professionals who designed the firm to service small public and private companies.
This solution is a comprehensive platform that provides a full range of unconflicted corporate
access services. Offering these services as a unified platform provides the ultimate value
proposition for issuer clients.
About Plato Gold Corp.
Plato Gold Corp. is a Canadian exploration company traded on the TSX Venture Exchange, OTC
Markets, and Frankfurt Exchange with projects in Timmins, Ontario, Marathon, Ontario and Santa
Cruz, Argentina.
The Timmins Ontario project includes 4 properties: Guibord, Harker, Holloway and Marriott in
the Harker/Holloway gold camp located east of Timmins, Ontario, with a focus on gold.
In Argentina, Plato owns a 95% interest in Winnipeg Minerals S.A. (“WMSA”), an Argentina
incorporated company that holds a number of contiguous mineral rights tota lling 9,672 hectares
with potential for gold and silver.
The Good Hope Niobium Project consists of approximately 6,035 hectares in Killala Lake Area
and Cairngorm Lake Area Townships, near Marathon Ontario, with the primary target being
niobium.
The Pic River Platinum Group Metals (PGM) Project consists of 2,352 hectares in Foxtrap Lake
and Grain Township, near Marathon Ontario, of which 19 claims are contiguous to the western
boundary of Generation Mining’s Marathon PGM project and is located on strike to Generation
Mining’s Sally deposit.
For additional company information, please visit www.platogold.com.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.
For further information, please contact:
Anthony Cohen
President and CEO
Plato Gold Corp.
T: 416-968-0608
F: 416-968-3339
www.platogold.com
Forward-Looking Statements
This news release contains “forward-looking statements”, within the meaning of applicable securities laws. These statements include, but are not
limited to, statements regarding the potential mineralization and resources, exploration results, concentrations of pay miner als that may offset
operating costs and future plans and objectives. These forward-looking statements are subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ materially from those projected in the forward -looking information. Risks that could
change or prevent these statements fr om coming to fruition include but are not limited to: changing costs for mining and processing; increased
capital costs; the timing and content of upcoming work programs; geological interpretations based on drilling that may change with more detailed
information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered
analogous deposits that with further test work may not be comparable; testing of our process may not prove successful an d even it tests are
successful, the economic and other outcomes may not be as expected; the availability of labour, equipment and markets for the products produced;
and conditions changing such that the minerals on our property cannot be economically mined, or that the requir ed permits cannot be obtained.
Although management of Plato has attempted to identify important factors that could cause actual results to differ materially from those contained
in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward -looking statements. The forward-looking information contained
herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to refle ct new events or
circumstances, except as required by law.