White Gold Corp - David D'Onofrio, CEO
David D'Onofrio, CEO
Source: YouTube
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  • White Gold (WGO) has announced a non-brokered private placement for total gross proceeds of approximately $9,000,000
  • The company will issue two tranches of flow-through common shares priced at $0.98 and $0.80 and common shares priced at C$0.70
  • Agnico Eagle Mines Limited (TSX: AEM) intends to increase its stake in White Gold to 19.9 per cent
  • The proposed offering is subject to receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange
  • White Gold Corp. (WGO) opened trading at C$0.68 per share

White Gold (WGO) has announced a non-brokered private placement for total gross proceeds of approximately $9,000,000.

The company will issue flow-through common shares in two tranches priced at $0.98 per share and $0.80 per share. The company will also issue common shares at a price of $0.70.

Agnico Eagle Mines Limited (TSX: AEM) has expressed its intent to increase its stake in White Gold to 19.9 per cent.

“We are very grateful for the continued support of our exciting and impactful exploration activities in the prolific White Gold District. Details on our future activities will provided in due course,” stated David D’Onofrio, Chief Executive Officer.

The securities issued will be subject to a statutory hold period of four months from the closing date in accordance with applicable securities legislation.

The proposed offering is subject to receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange.

White Gold owns a portfolio of 21,111 quartz claims across 31 properties covering over 420,000 hectares in the Yukon’s prolific White Gold District. The company’s flagship White Gold property hosts the Golden Saddle and Arc deposits which have a mineral resource of 1,139,900 ounces Indicated at 2.28 g/t Au and 402,100 ounces Inferred at 1.39 g/t Au

White Gold Corp. (WGO) opened trading at C$0.68 per share.

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