July 16, 2013 - Vancouver, British Columbia. Plate Resources Inc. (the “Company”) (PLR - TSX-V:) is pleased to announce that it has commenced exploration of the Swakum Mtn. - Lucky Mike property near Swakum Mountain north of Merritt B.C. The program in accordance with the Technical Report and Prospectus of the Company is under the supervision of James Turner, P.Geo. Qualified Person and will include the newly-acquired claims.
July 8, 2013 - Vancouver, British Columbia. Plate Resources Inc. has acquired by staking a 100-per-cent interest in three claims adjoining its existing Lucky Mike property near Swakum Mountain, north of Merritt, B.C. The claims cover 1,175 hectares adjacent to the Lucky Mike property under option from prospector Craig Lynes and will form part of the option package. Total area of the claims is now 5,178 hectares.
Targets in the project area include:
- Tungsten, copper skarns, well developed at the Lucky Mike prospect;
- Silver, lead, zinc-gold veins and breccias (Sunshine prospect, zones 1 to 3, Sophia and the Alameada veins, south of Lucky Mike;
- Porphyry copper gold targets near Swakum Mountain;
- Porphyry copper-molybdenum targets near Rey Lake.
June 19, 2013 – Vancouver, British Columbia. Plate Resources Inc. (the “Company”) is pleased to announce that it has successfully completed its initial public offering (the “IPO”) of 5,000,000 common shares, for gross proceeds of $750,000. The agent for the Offering was Canaccord Genuity Corp. (the “Agent”). After giving effect to the IPO, the Company now has 11,300,000 common shares issued and outstanding. The Agent received a cash commission equal to 8% of the gross proceeds of the Offering, as well as a corporate finance fee comprised of a cash payment and 100,000 common shares. The Company also granted to the Agent and its sub- agents non-transferable warrants to purchase up to an aggregate of 400,000 common shares of the Company at a price of $0.15 per common share. The Agent’s warrants may be exercised on or before June 19, 2015.
June 18, 2013 - Vancouver, British Columbia. Plate Resources Inc.'s initial public offering (IPO) prospectus dated March 19, 2013, has been filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the British Columbia, Alberta and Ontario securities commissions on March 21, 2013, pursuant to the provisions of the British Columbia, Alberta and Ontario securities acts.
The gross proceeds received by the company for the offering were $750,000 (five million common shares at 15 cents per share). The company is classified as a mineral exploration company.