NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Toronto, July 05, 2022 (GLOBE NEWSWIRE) —
Plato Gold Corp. (TSX-V: PGC) (OTCQB: NIOVF) (FRANKFURT: 4Y7 OR WKN: A0M2QX) (“Plato” or the “Company”) is pleased to announce that, due to significant investor demand, it has increased the size of its previously announced non-brokered private placement (see news release dated May 25, 2022) to aggregate gross proceeds of up to $415,000 (the “Offering”). Closing of the Offering is expected to occur on or about July 6, 2022.
The Offering shall be composed of (i) 5,200,000 flow-through shares (“FT Shares”) at a price of $0.05 per FT Share for gross proceeds of up to $260,000; and (ii) 3,100,000 hard dollar units (“HD Units”) at a price of $0.05 per HD Unit for gross proceeds of up to $155,000. Each HD Unit shall be composed of one common share in the capital of the Company (“Common Share”) and one Common Share purchase warrant (“Warrant”). Each Warrant will entitle the holder to purchase one Common Share at a price of $0.07 per Common Share until the date which is twenty-four (24) months following the closing date of the Offering, whereupon the Warrants will expire. Each FT Share shall be composed of one Common Share issued on a flow-through basis within the meaning of the Income Tax Act (Canada) (the “Tax Act”).
Eligible finders who introduce an investor to the Offering will be paid a cash…
