Plato Gold Corp. Announces Extension of Non-Brokered Private Placement
Plato Gold Corp. Announces Extension of
Non-Brokered Private Placement
NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE SERVICES
Toronto, Ontario – April 23, 2018 – Plato Gold Corp. (TSX-V: PGC) (“Plato ” or the “ Corporation ”) announces that it
is extending the closing date of its non-brokered private placement offering (the “ Offering ”) previously announced
on January 29, 2018, February 28, 2018, and March 26, 2018. The new closing date, subject to the approval by the
TSX Venture Exchange, will be on or around May 4, 2018.
The first tranche of the offering was closed on Feb ruary 20, 2018 and consisted of the sale of 4,800,0 00 units
(“ Unit ”) for gross proceeds of CAN$240,000. The second tranche of the offering was closed on March 16, 2018 and
consisted of the sale of 3,500,000 Units for gross proceeds of CAN$175,000.
As announced on January 29, 2018, each Unit consist s of one (1) common share in the capital stock of P lato
(“Common Share ”) and one-half (1/2) of a common share purchase warrant (a “ Warrant ”) at a price of CAN$0.05
per Unit. Each Warrant entitles the holder to purch ase one common share at a price of CAN$0.10 per common
share until the date which is twenty-four (24) mont hs following the closing date whereupon the Warrant s will
expire. If the weighted average trading price of th e Corporation’s common shares on the Corporation’s principal
stock exchange closes at a minimum of $0.10 per sha re for a period of five (5) consecutive trading day s, the
Corporation may accelerate the expiry date of the W arrants to the date which is 30 days following the date upon
which notice of the accelerated expiry date is provided by the Corporation to the holders of the Warrants.
The maximum Offering consists of 20,000,000 Units a t a price of CAN$0.05 per Unit for gross proceeds o f up to
CAN$1,000,000. Assuming completion of the maximum Offering, there will be 184,707,455 common shares of the
Corporation issued and outstanding.
The Corporation intends to use the net proceeds fro m the Offering first on a 5,000 metre drill program on the
Good Hope Niobium Project and next on exploration work and for general working capital purposes.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of th e securities in the
United States. The securities have not been and wil l not be registered under the United States Securit ies Act of
1933, as amended, (the “ U.S. Securities Act ”) or any state securities laws and may not be offe red or sold within
the United States or to or for the account or benef it of a U.S. person (as defined in Regulation S und er the U.S.
Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws o r 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 o f 19 claims, 263 claim units and 4,208 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 pr operty
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 Winnipeg 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 t he point that it is drill-ready or ready to be opti oned to a
partner.
For additional company information, please visit: www.platogold.com.
For further information, please 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 Ser vices Provider (as that term is defined in the poli cies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFO RMATION: This news release includes certain "forward-looking information"
within the meaning of applicable Canadian securitie s laws. Forward looking information includes, but i s not limited to, statements, projections
and estimates with respect to the Offering, the pot ential mineralization and resources, exploration re sults, and future plans and objectives.
Generally, forward-looking information can be ident ified by the use of forward-looking terminology suc h as “plans”, “expects” or “does not
expect”, “is expected”, “budget”, “scheduled”, “es timates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or
variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”,
“occur” or “be achieved”. Such information is based on information currently available to Plato and Pl ato provides no assurance that actual
results will meet management's expectations. Forwar d-looking information by its very nature involves i nherent risks and uncertainties that may
cause the actual results, level of activity, perfor mance, or achievements of Plato to be materially di fferent from those expressed or implied by
such forward-looking information. Actual results r elating to, among other things, approval and comple tion of the Offering, results of
exploration, project development, reclamation and c apital costs of Plato’s mineral properties, and Pla to’s financial condition and prospects,
could differ materially from those currently antici pated in such statements for many reasons such as: changes in general economic conditions
and conditions in the financial markets; changes in demand and prices for minerals; litigation, legisl ative, environmental and other judicial,
regulatory, political and competitive developments; technological and operational difficulties encount ered in connection with Plato’s activities;
and other matters discussed in this news release an d in filings made with securities regulators. This list is not exhaustive of the factors that may
affect any of Plato’s forward-looking statements. T hese and other factors should be considered careful ly and accordingly, readers should not
place undue reliance on forward-looking information . Plato does not undertake to update any forward-lo oking information, except in
accordance with applicable securities laws.