Plateau Uranium Completes $3,000,000 Non-Brokered Private Placement and Announces Appointment of New Directors

Plateau Uranium Inc. (TSXV:PLU) announced that it has completed a non-brokered private placement raising gross proceeds of C$3.0 million through the issuance and sale of 11,111,111 common shares of the Company at a price of C$0.27 per share.
The Company is also pleased to announce the appointment of Ms. Maryse Belanger and Mr. Christian Milau to the Company’s Board of Directors, subject to regulatory approval.
As quoted in the press release:

Ms. Belanger brings over 30 years of experience in the mining industry with strengths in operational excellence and efficiency. Most recently, she was the Chief Executive Officer and Managing Director of Mirabela Nickel Ltd. where she was responsible for the remarkable turn around of the company and the reestablishment of the Santa Rita Nickel-Copper sulphide open pit mine in Brazil. From 2012 to 2014, Ms. Belanger was Senior Vice President, Technical Services at Goldcorp where she oversaw the global geology, mine planning and design, metallurgy, hydrology, tailings dam and geotechnical engineering functions. During her career, Ms. Belanger has also gained considerable expertise providing oversight and project management support for some of the mining industry’s key strategic acquisitions. Prior to joining Goldcorp, Ms. Belanger was Director, Technical Services for Kinross Gold Corporation for Brazil and Chile. Ms. Belanger holds a Bachelor of Science degree in Geology and a graduate certificate in Geostatistics and is fluent in English, French, Spanish and Portuguese. She has been an active board member at Mirabela, True Gold Mining Inc., CEEC International Ltd. and is a member of Westcoast Women in Engineering, Science and Technology (WWEST).
Mr. Milau is a Chartered Professional Accountant (CA) with executive experience in acquisitions, financing, mine development, construction and operations. Mr. Milau was most recently CEO of True Gold Mining Inc. (“True Gold”), successfully negotiating and closing True Gold’s sale and acquisition by Endeavour Mining Corp. for $240 million in April 2016. At True Gold, Mr. Milau was instrumental in the development of the Karma Gold Project where, under his leadership, True Gold was able to successfully negotiate agreements with the government and community in Burkina Faso, recommence construction, complete development, and reach production, all in under 12 months. In addition to his extensive background in finance and capital markets, Mr. Milau brings important operational, government and stakeholder relations experience, including successfully negotiating various community, security, fiscal and tax agreements. Prior to True Gold, Mr. Milau held senior positions at Endeavour Mining Corp., New Gold Inc., and in investment banking at BNP Paribas in London.

Plateau Uranium CEO, Ted O’Connor, stated:

We are very pleased to welcome Maryse and Christian to the Board of Directors of Plateau. Between them, they bring extensive mining industry, technical, management, financial and operational expertise, and we are fortunate to be able to add people with their credentials to our Board. Their skill-sets will be a significant asset to the Company and its shareholders alike as we move the Macusani Plateau uranium project forward.

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