Plato Gold Announces Engagement of Red Cloud Securities
16 Décembre 2024 - 1:15PM
Plato Gold Corp. (TSX-V:
PGC) (OTCQB:
NIOVF)
(Frankfurt:
4Y7 or WKN:
A0M2QX) (“
Plato” or
the “
Company”) an exploration company with a portfolio of
properties in Northern Ontario and Santa Cruz, Argentina is pleased
to announce that, subject to regulatory approval, it has retained
Red Cloud Securities (“
Red Cloud”) to provide liquidity
services to the Company in compliance with the policies and
guidelines of the TSX Venture Exchange (“TSX-V”) and other
applicable legislation. Red Cloud is a Toronto-based financial
services company that provides assistance to mineral exploration
and mining companies in accessing capital markets and enhancing
their corporate profile. Red Cloud will trade shares of Plato on
the TSX-V for the purposes of maintaining a reasonable market and
improving the liquidity of Plato's common shares.
Under the agreement, the Company will pay Red
Cloud $5,000 per month during the term, payable monthly in advance.
The term of engagement is ongoing and may be terminated by either
party on 30 days’ prior written notice. The Company and Red Cloud
have an arm’s length relationship, but Red Cloud and/or its clients
may have an interest, directly or indirectly, in the securities of
Plato. The agreement is principally for the purposes of maintaining
market stability and liquidity for the Company's common shares and
is not a formal market making agreement. There are no performance
factors contained in the agreement between Red Cloud and the
Company and Red Cloud will not receive any shares or options from
the Company as compensation for services it will render.
About Red Cloud Securities Inc.
Red Cloud Securities Inc. is registered as an
Investment Dealer and is a member of the Canadian Investment
Regulatory Organization (CIRO). Red Cloud Securities registration
as an Investment Dealer is specific to the provinces of Alberta,
British Columbia, Manitoba, Ontario, Quebec, and SaskatchewanIt is
focused on providing unique comprehensive capital market services
and innovative financing alternatives to the junior resource
sector. The company was founded by capital markets professionals
who designed the firm to service small public and private
companies. This solution is a comprehensive platform that provides
a full range of unconflicted corporate access services. Offering
these services as a unified platform provides the ultimate value
proposition for issuer clients.
About Plato Gold Corp.
Plato Gold Corp. is a Canadian exploration
company traded on the TSX Venture Exchange, OTC Markets, and
Frankfurt Exchange 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% interest in
Winnipeg Minerals S.A. (“WMSA”), 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 6,035 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 2,352 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.
For additional company information, please visit
www.platogold.com.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF
THIS RELEASE.
For further information, please contact:
Anthony CohenPresident and CEOPlato Gold
Corp.T: 416-968-0608F:
416-968-3339Info1@platogold.comwww.platogold.com
Forward-Looking Statements
This news release contains “forward-looking
statements”, within the meaning of applicable securities laws.
These statements include, but are not limited to, statements
regarding the potential mineralization and resources, exploration
results, concentrations of pay minerals that may offset operating
costs and future plans and objectives. These forward-looking
statements are subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ
materially from those projected in the forward-looking information.
Risks that could change or prevent these statements from coming to
fruition include but are not limited to: changing costs for mining
and processing; increased capital costs; the timing and content of
upcoming work programs; geological interpretations based on
drilling that may change with more detailed information; potential
process methods and mineral recoveries assumption based on limited
test work and by comparison to what are considered analogous
deposits that with further test work may not be comparable; testing
of our process may not prove successful and even it tests are
successful, the economic and other outcomes may not be as expected;
the availability of labour, equipment and markets for the products
produced; and conditions changing such that the minerals on our
property cannot be economically mined, or that the required permits
cannot be obtained. Although management of Plato has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
statements, there may be other factors that cause results not to be
as anticipated, estimated or intended. There can be no assurance
that such statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking statements. The forward-looking
information contained herein is given as of the date hereof and the
Company assumes no responsibility to update or revise such
information to reflect new events or circumstances, except as
required by law.
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