- Whitehorse Gold Corp. (WHG) has announced a non-brokered private placement financing
- The private placement will see the company raising gross proceeds of up to $3,000,000 from the sale of up to 7,500,000 units at $0.40 per unit
- Each unit consists of one common share of the company and one-half of one non-transferable share purchase warrant
- The company plans to use the net proceeds from the offering 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 development project in the Yukon
- Whitehorse Gold Corp. opened trading at $0.48 per share
Whitehorse Gold Corp. (WHG) has announced a non-brokered private placement.
The private placement will see the company raising gross proceeds of up to $3,000,000 from the sale of up to 7,500,000 units at a price of $0.40 per unit.
Each unit consists of one common share of the company and one-half of one non-transferable share purchase warrant.
Each warrant will entitle the holder to acquire one share from the company at a price of $0.65 per share for a period of 24 months from the closing of the offering.
Silvercorp Metals Inc., Whitehorse Gold’s largest shareholder with 28.9 per cent, and other insiders of the company have confirmed their intention to participate in the offering by purchasing an aggregate of up to 5,000,000 Units.
The company plans to use the net proceeds from the offering for working capital requirements and other general corporate purposes.
The offering is anticipated to close on or about November 30, 2022, or such other date as the company may determine.
The closing of the offering is subject to certain conditions, including the approval of the TSXV and certain other conditions customary for a private placement of this nature.
All securities issued in connection with the offering will be subject to a statutory four-month and one-day hold period from the closing date.
Whitehorse Gold Corp. is a mineral exploration and development company focusing on tin projects in Bolivia and a gold development project in the Yukon.
Whitehorse Gold Corp. opened trading at $0.48 per share.
