White Pine Resources Inc. announced a non-brokered private placement of 150,000 common shares at a price of CAD 0.02 per share for proceeds of CAD 3,000 and 13,850,000 units at CAD 0.02 per unit for proceeds of CAD 277,000 for total gross proceeds of CAD 280,000 on August 16, 2017. Each unit will comprise of one common share and one warrant. Each warrant will entitle the holder to purchase one common share at CAD 0.10 per share for a period of three years. Robert Brain Murray, Chief Executive Officer of the company acquired 3,000,000 units. Murray will own 3,000,000 shares of the company, representing approximately 14.13% of the company's issued and outstanding shares on a non-diluted basis. Rona Gayda acquired 4,400,000 units. Murray will own 4,400,000 shares of the company, representing approximately 20.73% of the company's issued and outstanding shares on a non-diluted basis. Kelsi Gayda acquired 3,500,000 units. Murray will own 3,500,000 shares of the company, representing approximately 16.49% of the company's issued and outstanding shares on a non-diluted basis.