White Gold closes $5M tranche of upsized private placement

White Gold (WHGOF) announced 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: 8,063,000 common shares in the capital of the Company that qualify as “flow-through shares” within the meaning of the Income Tax Act at a price of C$0.26 per share; 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; and 7,013,182 Common Shares a price of C$0.22 per share. Pursuant to an investor rights agreement between the Company and Agnico Eagle Mines (AEM) dated December 13, 2016, Agnico has indicated that it intends to acquire approximately 1,136.363 HD Shares pursuant to the Offering that is expected to close on or about January 3, 2025. In addition, certain officers and directors of the Company acquired 1,217,273 HD Shares pursuant to the Offering.