Plato Gold Corp. Announces $350,000 Non-Brokered Private Placement
Plato Gold Corp. Announces $350,000
Non-Brokered Private Placement
NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE SERVICES
Toronto, Ontario – June 11, 201 9 – Plato Gold Corp. (TSX-V: PGC) (“Plato” or the “ Corporation”) is
pleased to announce that it intends to complete a non -brokered private placement of up to 3,500,000
common shares (a “ Share” or “Shares”) at a price of CAN$ 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 State s. 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 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 Winnip eg 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 or ready to be optioned to a partner.
For additional information, please visit: www.platogold.com or contact:
Anthony Cohen
President and CEO Plato Gold Corp.
T: 416-968-0608
F: 416-968-3339
[email protected] www.platogold.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD -LOOKING INFORMATION: This news release includes certain "forward -looking information"
within the meaning of applicable Canadian securities la ws. Forward looking information includes, but is not limited to, statements, projections
and estimates with respect to the Offering, the potential mineralization and resources, exploration results, and future plans and objectives .
Generally, forward -looking information can be identified by the use of forward -looking terminology such as “plans”, “expects” or “does not
expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not ant icipate”, or “believes”, or
variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “w ill be taken”,
“occur” or “be achieved”. Such information is based on information currently available to Plato and Plato provides no assurance that actual
results will meet management's expectations. Forward -looking information by its very nature involves inherent risks and uncertainties that may
cause the actual results, level of activity, performance, or achievements of Plato to be materially different from those expressed or implied by
such forward -looking information. Actual results relating to, among other things, approval and completion of the Offering, results of
exploration, project development, re clamation and capital costs of Plato’s mineral properties, and Plato’s financial condition and prospects,
could differ materially from those currently anticipated in such statements for many reasons such as: changes in general econ omic conditions
and condi tions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other j udicial,
regulatory, political and competitive developments; technological and operational difficulties encountered in connection w ith Plato’s activities;
and other matters discussed in this news release and in filings made with securities regulators. This list is not exhaustive of the factors that may
affect any of Plato’s forward-looking statements. These and other factors should be considered carefully and accordingly, readers should not
place undue reliance on forward -looking information. Plato does not undertake to update any forward -looking information, except in
accordance with applicable securities laws.