Plato Gold completes sale of 24 Harker Garrison claims to Northern Gold

Plato Gold (CVE:PGC) said Tuesday it has completed the sale of its 24 Harker Garrison claims in northern Ontario to Northern Gold Mining (CVE:NGM), as announced in late May.
"I am very pleased to have completed this deal with Northern Gold," said Anthony J. Cohen, president and CEO of Plato Gold Corp.
"Together with our recent option agreements with St. Andrews Goldfields and Threegold Resources, we are participating in many top quality gold projects with other leading companies, as well as growing our own high potential gold developments."
The 24 claims were sold for a cash payment of $72,000, as well as 175,000 common shares of Northern Gold. The agreement is also subject to an underlying 2% gross metals return royalty on all metals produced from the property, and is held by Geoconseils Jack Stoch Ltee.
Plato Gold is a Canadian gold exploration company with exploration projects in northern Ontario and Quebec, in addition to its Lolita property in the province of Santa Cruz, Argentina.
Last November, Plato signed a deal giving St Andrew Goldfields (TSE:SAS) the option to earn a 75% stake in four of its five northern Ontario properties, as well as a similar agreement with Threegold for two of its seven northern Quebec assets.