Plato Gold (PGC) has completed a non-brokered private placement for aggregate gross proceeds of $150,000.
The offering consisted of 3,000,000 common shares at a price of $0.05 per share.
The proceeds raised will be used for exploration expenses and general working capital purposes on the company’s properties.
Plato Gold Corp. is a Canadian exploration company 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 per cent interest in Winnipeg Minerals S.A., an Argentina incorporated company that holds a number of contiguous mineral rights totalling 9,672 hectares with potential for gold and silver.
The Good Hope Niobium Project consists of approximately 5,146 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 2,247 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.
Plato Gold Corp. (PGC) opened trading at C$0.03 per share.