Source: DigiGeoData
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • White Gold (WGO) has closed its brokered private placement for aggregate gross proceeds of $4.18 million
  • White Gold issued 1,302,000 units, 2,538,462 flow-through units and 1,507,400 flow-through shares
  • The offering was conducted by Clarus Securities Inc. and a syndicate of agents including Eight Capital and Stifel GMP
  • The gross proceeds from the offering will be used to incur exploration expenditures on its properties in the White Gold District
  • White Gold Corp. (WGO) opened trading at C$0.61 per share

White Gold (WGO) has closed its brokered private placement for aggregate gross proceeds of approximately $4.18 million.

“We are very grateful for the continued support of our major shareholders and the other participants in this financing. Our 2021 field season is now well underway, focused on highly anticipated new targets, recent discoveries, and our existing mineral resources as we seek to further demonstrate the expansiveness of gold mineralization in the White Gold District, and the effectiveness of our exploration methodologies. Further details to be provided in due course,” stated David D’Onofrio, Chief Executive Officer.

The offering was conducted by Clarus Securities Inc. and a syndicate of agents including Eight Capital and Stifel GMP.

White Gold issued 1,302,000 units at $0.65 per unit, 2,538,462 flow-through units at a price of $0.87 and 1,507,400 flow-through shares at a price of $0.75.

Each unit includes one common share and one-half of one purchase warrant (each whole warrant. Each warrant shall entitle the holder to purchase one common share at a price of $0.80 for a period of 24 months following the closing of the offering.

Each FT unit includes one FT share and one-half of one warrant. 

The gross proceeds from the offering will be used to incur exploration expenditures on its properties in the White Gold District of the Yukon Territory.

The agents received a cash commission equal to 6.0 per cent of the gross proceeds from the offering.

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$0.61 per share.

More From The Market Herald
Superior Gold - Director, Michael Pesner.

" Superior Gold (TSXV:SGI) nominates new director

Superior Gold (SGI) has filed a management information circular for its annual general meeting.

" Sulliden Mining Capital (TSX:SMC) acquires securities of Xander Resources

Sulliden Mining Capital (SMC) acquired 7,142,857 units of Xander Resources in a private placement.

" Eastern Platinum (TSX:ELR) updates technical report on Crocodile River Mine

Eastern Platinum Limited (ELR) has filed a Technical Report on the Crocodile River Mine (CRM), North West Province in South Africa.