- White Gold Corp. (WGO) announced a fully-subscribed non-brokered private placement for gross proceeds of approximately $4,416,000
- The company will issue flow-through common shares and common shares
- The placement is expected to close on or about December 23, 2022
- White Gold is a Canadian gold exploration company that owns a portfolio of 17,584 quartz claims across 30 properties
- White Gold Corp. (WGO) opened trading at $0.36
White Gold Corp. (WGO) announced a fully-subscribed non-brokered private placement for gross proceeds of approximately $4,416,000.
The company will issue flow-through common shares at $0.41 per share and common shares at $0.38 per common share.
“We are very grateful for the continued support of our exciting and impactful exploration activities in the prolific and under explored White Gold District,” stated David D’Onofrio, Chief Executive Officer.
The gross proceeds received from the sale of the FT shares will be used to incur “Canadian exploration expenses” on the conpany’s properties in the White Gold District of the Yukon Territory.
The net proceeds from the sale of the common shares will be used for working capital and other general corporate purposes.
All securities issued will be subject to a statutory four-month hold period.
The placement is expected to close on or about December 23, 2022.
White Gold is a Canadian gold exploration company that owns a portfolio of 17,584 quartz claims across 30 properties. The conpany’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 $0.36.