- Whitehorse Gold Corp. (WHG) has closed the first tranche of its non-brokered private placement for gross proceeds of $3,169,000
- Under the first tranche, the company issued 7,922,500 units for $0.40 per unit
- Net proceeds will be used for working capital requirements and other general corporate purposes
- Whitehorse Gold is a mineral exploration and development company
- Whitehorse Gold Corp. (WHG) is down 1.02 per cent on the day, trading at C$0.485 per share at 1:15 pm ET
Whitehorse Gold Corp. (WHG) has closed the first tranche of its non-brokered private placement for gross proceeds of $3,169,000.
Under the first tranche of the previously announced financing, the company issued 7,922,500 units for $0.40 per unit.
The closing of the private placement is subject to the final approval of the TSX Venture Exchange.
All securities issued are subject to a statutory four-month hold period.
Net proceeds will be used for working capital requirements and other general corporate purposes.
Whitehorse Gold Corp. is a mineral exploration and development company focusing on tin projects in Bolivia and a gold project near Whitehorse, Yukon, Canada.
Whitehorse Gold Corp. (WHG) is down 1.02 per cent on the day, trading at C$0.485 per share at 1:15 pm ET.
