- Whitehorse Gold Corp. (WHG) has increased the size of its non-brokered private placement offering of units and share-purchase warrants
- The non-brokered offering has now increased to aggregate gross proceeds of up to C$4 million, which consist of up to 10,000,000 units and 5,000,000 warrants
- The offering is anticipated to close on or before Thursday, December 15, 2022
- 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. opened trading at $0.47 per share
Whitehorse Gold Corp. (WHG) has increased the size of its non-brokered private placement offering of units and share-purchase warrants.
The previously-announced non-brokered offering has now increased to aggregate gross proceeds of up to C$4 million, which consist of up to 10,000,000 units and 5,000,000 warrants.
The offering is anticipated to close on or before Thursday, December 15, 2022.
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.
As previously announced, the offering consists of units at a price of $0.40 per unit, with each unit consisting of one common share of the company and one-half of one non-transferable share purchase warrant.
Each warrant will entitle the holder thereof 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.
The company intends 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 project near Whitehorse, Yukon, Canada.
Whitehorse Gold Corp. opened trading at $0.47 per share.