ArcPacific resources logo blue

Press releases

Plate Resources Inc. announces key appointment to the Board of Directors and flow-through private placement

February 3, 2014 - Vancouver, British Columbia. Plate Resources Inc. (TSXV: PLR) (the “Company” or “Plate”) announces that, effective immediately, Mr. Marc Melnic will be joining the Company’s Board of Directors. He will be replacing Ms. Julie Hajduk, who has resigned effective today. The Company would like to thank Ms. Hajduk for her contribution.

Mr. Melnic’s experience includes over 20 years leading multi-disciplinary teams within the oil and gas industry. Previously, he held executive and senior management roles with Caribe, Blackhawk, Ranger, Vero, Enerplus and PanCanadian. Mr. Melnic has led projects in conventional and unconventional E&P, CO2 Sequestration, Stranded Gas Power Generation, Natural Gas Storage, Polymer Flooding, Slant Drilling & Completions and Propane Vapor Extraction. Mr. Melnic has presented case studies at Society of Petroleum Engineers conferences internationally. Most recently, he has focused on sourcing and developing unconventional resources in North America, South America, Africa, Australia and Europe.  As an A&D and finance specialist, he has proven to be successful at finding, negotiating, closing and marketing deals valued at over $1 billion since 2000.  He received his B.Sc. in Mechanical Engineering from the University of Manitoba, an MBA from Queen’s University and is a Registered Professional Engineer.  Mr. Melnic resides in Calgary, Alberta. He will be an invaluable asset in furthering the Company’s business plan and adding shareholder value. 

Continue Reading

Plate to acquire farm-in rights to Alberta section

January 24, 2014 - Vancouver, British Columbia. Further to the letter of intent between Plate Resources Inc. and 1713425 Alberta Ltd. (ABco) executed on Dec. 31, 2013 (the LOI), it has entered into a definitive agreement with ABco dated Jan. 22, 2014, under which it has agreed, subject to certain conditions precedent including TSX Venture Exchange approval of the agreement, to take an assignment of ABco's exclusive right to farm-in for a 50-per-cent interest in Section 30-046-01 W5M-PNG in Cardium, Alberta. The 50-per-cent interest is subject to a gross overriding royalty of 5.5 per cent (net 2.75 per cent) to Mosaic Energy Inc. and Lightstream Resources Partnership. ABco has secured the farm-in right under a participation agreement with Calgary-based Scollard Energy Inc., which will be the designated operator.

Continue Reading

Plate Resources Inc. announces grant of stock options

January 21, 2014 - Vancouver, British Columbia. Plate Resources Inc. (TSXV: PLR) (the “Company”) announces that it has granted an aggregate of 630,000 incentive stock options (the “Options”) to individuals who are directors, officers, consultants or employees of the Company. All of the Options are exercisable at a price of $0.20 per share for a period of three (3) years, ending January 21, 2017. The Options have been granted under and are governed by the terms of the Company’s incentive stock option plan.

The Company also announces that it has cancelled 200,000 stock options held by Jerry Minni, the Company’s Chief Financial Officer.

Continue Reading

Plate Resources Inc. announces letter of intent with 1713425 Alberta Ltd. and appointment of new Director

January 6, 2014 – Vancouver, British Columbia. Plate Resources Inc. (the "Company") (TSXV- "PLR") announces that it has entered into a preliminary letter of intent with 1713425 Alberta Ltd. ("ABco") under which it has agreed, subject to certain conditions precedent including completing final due diligence and entering into a definitive assignment agreement, to take an assignment of ABco's exclusive right to farm-in for a 50% interest in Section 30-046-01 W5M-PNG in Cardium, Alberta (the "Farmout Lands"), by paying 50% of all costs on the Farmout Lands. The 50% interest is subject to a gross over-riding royalty of 5.5% (net 2.75%) to Mosaic Energy Inc. and Lightstream Resources Partnership. ABco has secured the farm-in right under a Participation Agreement with Calgary based Scollard Energy Inc. ("SEI") which will be the designated operator.

Continue Reading

Plate Resources Inc. announces amendment to Lucky Mike option agreement

November 25, 2013 – Vancouver, British Columbia. Plate Resources Inc. (the “Company”) announces that it has negotiated an extension with respect to certain dates obligations are to be met by the Company pursuant to the property option agreement with Rich River Exploration Ltd. (the “Optionor”) relating to the Lucky Mike Property. In consideration for the extension, the Company has agreed to issue to the Optionor 50,000 shares of the Company: 25,000 shares within 5 days of receipt of regulatory approval for the amendment and the balance on or before March 20, 2014.

Continue Reading

Plate director Hajduk acquires 2.25 million shares

Julie Hajduk, a director of Plate Resources Inc. (the “Company”), announces that she has acquired direct ownership of an aggregate of 2,250,000 common shares of the Company (the “Purchased Shares”) representing approximately 19.9% of the Company’s issued and outstanding shares pursuant to private transactions with three shareholders of the Company. The aggregate cash consideration paid for the Purchased Shares was $109,050.

Continue Reading

Plate Resources Inc. announces appointment of new director

August 19, 2013 – Vancouver, British Columbia. Plate Resources Inc. (the “Company”) regretfully announces that as a result of the recent passing of Mr. William E. Schmidt, a vacancy on the board has been created. Mr. Schmidt was a valuable member of the board of directors and will be missed by the Company and by many others who knew him in the local mining industry.

Ms. Julie Hajduk has been appointed a director to fill the vacancy on the board. Ms. Hajduk is a resource market specialist whose passion for the mining industry and knowledge of capital markets will be valuable assets for the Company. Over the past twenty years Ms. Hajduk has become a respected independent investor relations advisor to Vancouver-based resource companies and has effectively managed all aspects of investor relations programs, including budgeting and detailed marketing plans. The Company is pleased to attract someone with Ms. Hajduk’s skills and commitment to assist the Company execute its business plan.

Continue Reading

Plate Resources Inc. begins 2013 exploration program near Merritt B.C.

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.

Plate Resources Inc. acquires additional properties near Merritt, B.C.

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.

Continue Reading

Plate Resources Inc. completes initial public offering

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.

Continue Reading

More Articles...