White Gold Corp. Announces Closing of Fully Subscribed $9 Million Private Placement; Strategic Shareholder Increases Interest to 19.9%


TORONTO, Dec. 22, 2021 (GLOBE NEWSWIRE) — White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the “Company” or “White Gold”) is pleased to announce the closing of a non-brokered private placement for aggregate gross proceeds of approximately $9,000,000 (the “Offering”) in which Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) (“Agnico”) increased its partially-diluted ownership in the Company to 19.9%. David D’Onofrio, Chief Executive Officer of White Gold, also participated in the Offering. The Offering was comprised of: (i) 3,185,714 common shares in the capital of the Company (the “Common Shares”) at a price of $0.70 per Common Share; (ii) 2,464,286 Common Shares issued on a “flow-through basis” (the “Tranche I FT Shares”) at a price of $0.98 per Tranche I FT Share; and (iii) 5,443,750 Common Shares issued on a “flow-through basis” (the “Tranche II FT Shares”, and together with the Common Shares and the Tranche I FT Shares, the “Offered Shares”) at a price of $0.80 per Tranche II FT Share Read More

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