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.