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White Gold Corp. Closes $10 Million Private Placement of Flow-Through Common Shares

Published: 03/21/2017

Team: Jay Goldman, Jennifer L. Poirier, Christopher B. Norton

On March 21, 2017, White Gold Corp. closed a brokered private placement of 5,555,500 common shares, issued on a flow-through basis, at a price of $1.80 per share, for aggregate gross proceeds of approximately $10 million. 

The offering was conducted by a syndicate of agents co-led by GMP Securities L.P. and Clarus Securities Inc. and including Primary Capital Inc.

The gross proceeds of the offering will be used by White Gold to incur Canadian exploration expenses on its properties in the White Gold District of the Yukon Territory prior to December 31, 2018.

Cassels Brock acted for White Gold with a deal team composed of Jay Goldman and Jennifer Poirier (Securities and Mining) and Chris Norton (Tax).