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White Gold Corp. Completes Acquisition of White Gold Properties from Kinross Gold Corporation and Closes Financing with Agnico Eagle Mines Limited

Published: 06/14/2017

Team: Jay Goldman, Cathy L. Mercer, Jennifer L. Poirier, David Gardos

On June 14, 2017, White Gold Corp. completed the acquisition of the entities holding the White Gold, Black Fox, JP Ross, Yellow and Battle properties from Kinross Gold Corporation in consideration for $10 million in cash, the issuance of 17,500,000 common shares and up to $15 million in deferred payments. White Gold Corp. also closed an $8.8 million non-brokered private placement with Agnico Eagle Mines Limited, pursuant to the exercise of Agnico's pre-emptive right to maintain its pro rata ownership interest in White Gold.

Cassels Brock represented White Gold Corp. in these transactions with a team that included Jay Goldman, Cathy Mercer, Jennifer Poirer and David Gardos.