White Gold Corp announced a best efforts brokered private placement of premium flow-through units at an issue price of CAD 0.87 per unit, flow-through common shares at an issue price of CAD 0.75 per share and units at an issue price of CAD 0.65 for gross proceeds of CAD 4,000,000 on July 13, 2021. Each premium flow-through unit consist of one flow-through share and one-half of one warrant. Each unit shall consist of one common share one-half of one common share purchase warrant.

Each warrant shall entitle the holder thereof to purchase one common share at a price of CAD 0.80 for a period of 24 months following the closing date of the transaction. The transaction will include participation from returning investors Agnico Eagle Mines Limited, Kinross Gold Corporation to maintain 17% stake in the company and other insiders of the Company. The transaction is subjected to receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange.

The transaction is expected to close on or about July 29, 2021. The securities issued are subjected to a statutory hold period of four months plus one day from the closing date.