White Gold Corp. Announces Closing of Fully Subscribed C$5.1 Million Private Placement

TORONTO, Dec. 13, 2023 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the “Company” or “White Gold”) is pleased to announce the closing of a non-brokered private placement for aggregate gross proceeds of approximately C$5.1 million (the “Offering”). Agnico Eagle Mines Limited (“Agnico”) participated in the offering in order to maintain its partially-diluted ownership in the Company at 19.85%. The Offering consisted of the sale of: (i) 3,722,133 common shares in the capital of the Company (the “Common Shares”) at a price of $0.30 per Common Share; and (ii) 12,121,212 Common Shares issued on a “flow-through basis” (the “FT Shares” and together with the Common Shares, the “Offered Shares”) at a price of $0.33 per FT Share.