Plateau Energy Metals Inc. (TSXV:PLU) announced a non-brokered private placement of up to 4,150,000 units at a price of CAD 0.21 per unit for gross proceeds of up to CAD 871,500 on May 11, 2020. Each unit consists of one common share and one common share purchase warrant exercisable at CAD 0.40 per share for a period of four years from issuance. If at any time after four months and one day from issuance, the closing price is at or above CAD 0.80 per share for period of 20 consecutive trading days, the company may, within 10 days of the triggering event, accelerate the expiry date of the warrants by giving notice to the holders of the warrants. The securities issued are subject to a statutory hold period of four months and one day from the closing. The transaction is subject to certain conditions, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The transaction is expected to close on or about May 13, 2020.