White Gold Corp. Closes $5M First Tranche of Upsized Private Placement

TORONTO, Dec. 23, 2024 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the "Company") is pleased to announce the closing of the first tranche of a non-brokered private placement for aggregate gross proceeds of approximately $5,015,000 consisting of the sale of: (i) 8,063,000 common shares in the capital of the Company (“Common Shares”) that qualify as “flow-through shares” within the meaning of the Income Tax Act (Canada) (the “Tax Act”) at a price of C$0.26 per share (each an “FT Share”); (ii) 5,092,593 FT Shares that will also qualify for the federal 30% Critical Mineral Exploration Tax Credit at a price of $0.27 per share (each a “CFT Share”); and (iii) 7,013,182 Common Shares a price of C$0.22 per share (each an “HD Share”, and together with the FT Shares and the CFT Shares, the “Offered Shares”) (the "Offering”).