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White Gold Corp. Completes Offerings to Raise Aggregate Proceeds of $15 Million

Published: 11/08/2018

Team: Jay Goldman, Lindsay Clements, David Gardos, Michael Britton, Christopher B. Norton

On November 8, 2018, White Gold Corp. completed a “bought deal” short form prospectus offering of common shares issued on a flow-through basis and concurrent brokered private placement of common shares with a syndicate of underwriters led by Clarus Securities Inc. and including GMP Securities L.P., Canaccord Genuity Corp. and Sprott Private Wealth L.P. 

The public offering consisted of the sale of 5,000,000 flow-through shares at a price of $2.00 per flow-through share for aggregate proceeds of $10 million and the concurrent private placement consisted of the sale of 3,333,332 common shares at a price of $1.50 per common share for aggregate proceeds of $5 million.

Cassels Brock acted for White Gold with a deal team that included Jay Goldman, Lindsay Clements, David Gardos and Michael Britton (Securities and Mining) and Chris Norton (Tax).