Plato Gold Tenders Shares Following Victory Gold and Northern Gold Amalgamation

By Midnight Trader,  December 13, 2012, 12:51:53 PM EDT

Plato Gold Corp. (PGC.V) said today that in accordance with the announced amalgamation between Victory Gold Mines Inc. and Northern Gold Mining Inc., Plato will tender its 1,000,000 shares of Victory Gold for 500,000 shares of Northern Gold at a deemed price of $0.37 per share.

As announced on July 26, 2012, the 1,000,000 shares were acquired as part of the payment from Victory Gold for 50% interest in 16 claims in the Guibord Properties owned by Plato.

In addition, Plato currently holds 175,000 shares of Northern Gold, acquired as part of the payment for the 24 Harker Garrison Claims sold to Northern Gold, as announced on May 25, 2011.

Upon completion of the amalgamation between Victory Gold and Northern Gold, Plato will hold a total of 675,000 shares of Northern Gold.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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