Source: Plato Gold Corp.
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  • Plato Gold Corp. (PGC) has increased the size of its non-brokered private placement for gross proceeds of up to $415,000
  • The company will issue 5,200,000 flow-through shares and 3,100,000 hard dollar units
  • The offering is expected to close on or about July 6, 2022
  • Plato Gold is a Canadian exploration company with projects in Ontario and Argentina
  • Plato Gold Corp. (PGC) opened trading at C$0.035

Plato Gold Corp. (PGC) has increased the size of its non-brokered private placement for gross proceeds of up to $415,000.

The company will issue 5,200,000 flow-through shares for gross proceeds of up to $260,000 and 3,100,000 hard dollar units for gross proceeds of up to $155,000. Each HD unit will include one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional share for a period of two years. 

The previously announced offering is expected to close on or about July 6, 2022.

The proceeds raised from the sale of the FT shares will be used to pay for exploration work, including soil and rock sampling and assaying on the corporation’s Pic River PGM Project near Marathon, Ontario and to fund the corporation’s other properties in Ontario. The proceeds raised from the sale of the HD units will be used for general working capital purposes and exploration expenses on the corporation’s properties.

Plato Gold is a Canadian exploration company with projects in Ontario and Argentina.

Plato Gold Corp. (PGC) opened trading at C$0.035.

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