Plato Gold Corp. Announces Flow-Through Share Financing for up to $200,000
Plato Gold Corp. Announces Flow-Through Share Financing for up to $200,000
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Toronto, Ontario – April 1 8, 2018 - Plato Gold Corp. (TSX -V: PGC) (“ Plato” or the “ Corporation”), is
pleased to announce that it intends to complete a non -brokered private placement financing of up to
4,000,000 flow-through common shares (the “Flow Through Shares”) at a price of CAD$0.05 per Flow
Through Share for total gross proceeds to the Corporation of up to CAD$200,000 (the “ Offering”).
Closing of the Offering is expected to occur on or about April 27, 2018. The Corporation intends to use
the net proceeds from the Offering on exploration work , a 5,000 metre drill program on the Good Hope
Niobium Project, and for general working capital purposes.
Each Flow -Through Share is to be issued on a flow -through basis. A subscription for Flow -Through
Shares will entitle the holder to a renunciation of Canadian Explor ation Expenses and to claim certain
deductions in respect thereof for income tax purposes.
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 States. The securities have not been and will not be registe red 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 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
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 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 the point that it is drill-ready
or ready to be optioned to a partner.
For additional company information, please visit www.platogold.com or contact:
Anthony Cohen
President and CEO Plato Gold Corp.
T: 416-968-0608
F: 416-968-3339
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 laws. 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 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 take n”,
“occur” or “be achieved”. Such information is based on information currently available to Plato and Plato provides no assuranc e 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, reclamation 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 conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial,
regulatory, political and competitive developments; technological and operational difficulties encountered in connection with 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.