# Plato Gold Closes $55k Critical Mineral Deal

> Plato Gold Corp. closes initial $55,000 tranche of critical mineral flow-through shares for exploration.
- Title: Plato Gold Closes $55k Critical Mineral Deal · Financialpost
- Summary: Plato Gold Corp. closes initial $55,000 tranche of critical mineral flow-through shares for exploration. Plato Gold Corp. closed an initial $55,000 private…
- Keywords: plato gold, critical minerals, flow-through shares, pic river platinum, marathon ontario, tsx-v, otcqb, niovf, wkn a0m2qx, tax act, exploration expenses, tsx venture exchange
- Source: Financialpost — https://financialpost.com/globe-newswire/plato-gold-corp-closes-initial-55000-tranche-of-critical-mineral-flow-through-private-placement
- Read time: 1 min
- Topics: plato gold, critical minerals, flow-through shares, pic river platinum, marathon ontario, tsx-v, otcqb, niovf, wkn a0m2qx, tax act, exploration expenses, tsx venture exchange
## Plato Gold Closes Initial Tranche
Plato Gold Corp. closed an initial tranche of its non-brokered critical-mineral flow-through private placement for $55,000.
## Shares Issued at $0.05 Each
The company issued 1,100,000 flow-through common shares at $0.05 per share for gross proceeds of $55,000.
## Tax Act Compliance
Each flow-through share qualifies as a "flow-through share" under Canada's Income Tax Act for exploration expenses.
## Exploration at Pic River
The company plans to use funds for eligible Canadian exploration expenses at its Pic River Platinum Group Metals Project in Marathon, Ontario.
## Deadline for Exploration
The company intends to incur exploration expenses by December 31, 2026 and renounce them to subscribers by the same date.
## Shareholder Hold Period
The shares are subject to a four-month hold period and may not trade before January 30, 2027, per TSX Venture Exchange rules.
## Key takeaway

Plato Gold Corp. closed an initial $55,000 private placement for critical mineral exploration at Pic River Platinum Project in Ontario.