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A junior Canadian exploration company that is focused on prospective properties in recognized gold mining districts around the world.
Message: Reports on 2008 Year End Results and Grant of Options
| April 24, 2009 | |
| Plato Gold Reports on 2008 Year End Results and Grant of Options | |
|
TORONTO, ONTARIO--(Marketwire - April 24, 2009) - NOT FOR DISTRIBUTION IN THE UNITED STATES. Plato Gold Corp. (TSX VENTURE:PGC) ("Plato" or the "Company") an exploration company with a portfolio of properties in significant gold mining camps in Northern Ontario, Northern Québec, and Santa Cruz, Argentina is pleased to report the three and twelve months financial results for fiscal 2008 and 2007 as summarized below: Three Months Ended Year Ended
(Unaudited) (Audited)
December 31, December 31, December 31, December 31,
2008 2007 2008 2007
-------------------------------------------------------
Revenue $ 476 $ 1,707 $ 8,040 $ 10,666
Loss for the period $ 340,337 $ 279,958 $ 276,564 $ 345,338
Loss per common share
Basic $ 0.01 $ 0.02 $ - $ 0.01
Diluted $ 0.01 $ 0.02 $ - $ 0.01
Weighted average
number of common
shares outstanding
during the period
Basic 60,376,973 46,215,734 55,947,918 42,925,155
Diluted 60,376,973 46,215,734 55,947,918 42,925,155
In addition, at the meeting of the board of directors on April 23, 2009, the board in accordance with the Corporation's stock option plan, approved the grant of options to acquire a total of 1,575,000 common shares of the Corporation at an exercise price of $0.10 per share to the Corporation's directors, officers, employees and consultants. The stock options are vested on date of the grant. Prior to the grant of options, the Corporation has 64,805,116 shares outstanding. About Plato Gold Corp. Plato Gold Corp. is a Canadian junior gold exploration company listed on the TSX Venture Exchange with exploration projects in Northern Ontario, Northern Québec 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 camp located east of Timmins, Ontario. The Northern Québec project includes 7 properties: Nordeau Bateman, Vauquelin, Vauquelin Pershing, Vauquelin Horseshoe, Pershing Denain, Hop O'My Thumb and Once 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 NI 43-101 compliant gold resource reported on March 12, 2009. Highlights of the Nordeau West mineral resource update include: inferred resources of 146,315 oz Au resource on average grade of 4.09 g/t; and indicated resources of 30,212 oz Au on average grade of 4.17 g/t. In Argentina, the Lolita Property is comprised of 3 contiguous concessions and initial work has been started on this property. For additional company information, please visit: www.platogold.com. |
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