White Gold Corp. Seeks $20 Million Through Private Placement
White Gold Corp. Seeks Significant Investment
White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF), a leading presence in the mining industry, has announced an exciting opportunity for investors. The company is poised to raise $20 million through a private placement designed to further its exploration initiatives and project development. Acting in collaboration with Clarus Securities Inc. and a team of agents, White Gold aims to capitalize on the growing interest from both new and existing shareholders.
Details of the Investment Offering
The proposed fundraising involves offering premium flow-through units at $1.17 per unit, alongside regular flow-through shares priced at $1.00 each. Additionally, standard units will be offered at $0.85. These units comprise common shares and warrants, providing investors with a strategic opportunity to gain from the potential future success of the projects. The proposed offering is expected to close around October 9, 2025, pending regulatory approval from the TSX Venture Exchange.
Participation from Key Stakeholders
Agnico Eagle Mines Limited, a significant stakeholder, has shown interest in maintaining its approximate 19.8% pro rata interest in White Gold by participating in this offering. This involvement underscores the confidence that established investors have in White Gold's long-term value.
Exploration Potential in the Yukon's White Gold District
White Gold Corp. boasts an extensive portfolio of 15,364 quartz claims across 21 properties, covering an impressive land area of 305,102 hectares, which represents nearly 40% of the emerging White Gold District. The company's premier project contains estimated resources of 1,732,300 ounces of gold in Indicated Resources and 1,265,900 ounces in Inferred Resources. This remarkable resource base positions White Gold as a prominent player in the mining sector.
Recent Discoveries and Prospects
In addition to existing resources, ongoing exploration has unveiled new prospects within the region, amplifying the company's growth trajectory. Encompassing sites adjacent to significant gold and copper projects, including the Coffee project by Newmont, White Gold is strategically situated to leverage burgeoning opportunities in this evolving market. Exploration efforts, including the identification of prospective targets, illustrate the growth potential that White Gold presents to its stakeholders.
Future Plans and Corporate Strategy
David D'Onofrio, the Chief Executive Officer, expressed gratitude towards the eagerness of new and ongoing investors to support White Gold’s exploration endeavors. The proceeds from this offering will be allocated toward essential exploration expenditures in the Yukon Territory, reinforcing White Gold's commitment to advancing project viability and broader land portfolio potential.
Regulatory Framework and Compliance
The offering will proceed under applicable exemptions from prospectus requirements and will comply with relevant securities laws. Importantly, the company will navigate regulations diligently to ensure adherence to expectations while fulfilling its financing ambitions.
About White Gold Corp.
White Gold Corp. is dedicated to unlocking the potential of its vast claims in the Yukon. With a substantial portfolio and ongoing exploration strategies, the company is focused on building its reputation as a reliable and growth-oriented mining entity. This private placement is another step towards enhancing its operational capabilities and securing substantial resource positions.
Frequently Asked Questions
What is the purpose of the private placement by White Gold Corp.?
The private placement aims to raise $20 million to support exploration initiatives and development activities associated with its properties.
Who is leading the agency for the private placement?
Clarus Securities Inc. is the lead agent for the private placement, acting on behalf of White Gold Corp. and its syndicate of agents.
How much gold does White Gold's flagship project contain?
White Gold's flagship project hosts an estimated 1,732,300 ounces of gold in Indicated Resources and 1,265,900 ounces in Inferred Resources.
What are the key benefits of the flow-through shares offered?
Flow-through shares allow investors to benefit from tax advantages associated with exploration expenditures, as these expenses are renounced to shareholders.
When is the expected closing date for the offering?
The anticipated closing date for the offering is around October 9, 2025, subject to regulatory approvals.
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