Plato Gold Corp V.PGC

News out this morning ... 2nd try :-)

[justin_a_lyesse]

MarketwirePlato Gold Corp.November 26, 2009 - 08:55:06 AMPlato Gold Reports on Third Quarter ResultsTORONTO, ONTARIO--(Marketwire - Nov. 26, 2009) - NOT FOR DISTRIBUTION IN THE UNITED STATES.Plato Gold Corp. (TSX VENTURE:PGC) ("Plato" or the "Company") an explorationcompany with a portfolio of properties in significant gold mining camps inNorthern Ontario, Northern Quebec, and Santa Cruz, Argentina is pleased toreport the nine and three months financial results for fiscal 2009 and 2008 assummarized below: Nine Months Ended Three Months Ended (Unaudited) (Unaudited) Sept. 30, Sept. 30, Sept. 30, Sept. 30, 2009 2008 2009 2008 -------------------------------------------------Revenue $ 428 $ 7,564 $ 345 $ 645 Income (Loss) for the period $(143,853) $ 63,773 $ (95,122) $(116,428)Income (Loss) per common share Basic $ - $ - $ - $ - Diluted $ - $ - $ - $ - Weighted average number of common shares outstanding during the period Basic 67,449,397 54,458,047 71,637,241 56,097,304 Diluted 67,449,397 54,458,047 71,637,241 56,097,304For full details, please visit us at   www.platogold.com.About Plato Gold Corp.Plato Gold Corp. is a Canadian junior gold exploration company listed on theTSX Venture Exchange with exploration projects in Northern Ontario, NorthernQuebec and the Lolita Property in the province of Santa Cruz, Argentina.The Northern Ontario project includes 5 properties: Guibord, Harker,Harker-Garrison, Holloway and Marriott in the Harker/Holloway gold camplocated east of Timmins, Ontario.The Northern Quebec project includes 7 properties: Nordeau Bateman, Vauquelin,Vauquelin Pershing, Vauquelin Horseshoe, Pershing Denain, Hop O'My Thumb andOnce Upon a Time. All 7 properties are located near Val d'Or, Quebec.Plato is in the advanced exploration stage on the Nordeau West site with a NI43-101 compliant gold resource reported on March 12, 2009. Highlights of theNordeau West mineral resource update include:indicated resources of 30,212 oz Au on average grade of 4.17 g/t and 225,342tonnes; andinferred resources of 146,315 oz Au on average grade of 4.09 g/t and 1,112,321tonnes.In Argentina, the Lolita Property is comprised of 3 contiguous concessions andinitial work has been started on this property. For additional companyinformation, please visit: www.platogold.com.Forward Looking StatementsThis news release contains "forward-looking statements", within the meaning ofapplicable securities laws. These statements include, but are not limited to,statements regarding potential mineralization and resources, explorationresults, and future plans and objectives. Generally, these forward-lookingstatements 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 certainactions, events or results "may", "could", "would", "might" or "will betaken", "occur" or "be achieved". Forward-looking statements are based on theopinions and estimates of management as of the date such statements are made,and they are subject to known and unknown risks, uncertainties and otherfactors that may cause the actual results, use of proceeds, level of activity,performance or achievements of Plato to be materially different from thoseexpressed or implied by such forward-looking statements, including but notlimited to risks related to: raising less than the required amount; notrealizing on the anticipated benefits from the offering transaction or notrealizing on such anticipated benefits within the expected time frame; risksrelated to exploration; actual resource viability, and other risks of themining industry . Although management of Plato has attempted to identifyimportant factors that could cause actual results to differ materially fromthose contained in forward-looking statements, there may be other factors thatcause results not to be as anticipated, estimated or intended. There can be noassurance that such statements will prove to be accurate, as actual resultsand future events could differ materially from those anticipated in suchstatements. Accordingly, readers should not place undue reliance onforward-looking statements. The Company does not undertake to update anyforward-looking statements that are incorporated by reference herein, whetheras a result of new information, future events or otherwise, except inaccordance with applicable securities laws.FOR FURTHER INFORMATION PLEASE CONTACT: Plato Gold Corp. Anthony Cohen President and CEO [phone] [phone] (FAX) [e-mail] www.platogold.com The TSX Venture Exchange has not reviewed and does not accept responsibilityfor the adequacy or accuracy of this news release.