Whitehorse Gold Corp. announced that it has received CAD 6.79701 million in funding from Silvercorp Metals Inc. and other investors

Whitehorse Gold Corp. announced a non-brokered private placement of 22,656,699 common shares at a price of CAD 0.3 per share for gross proceeds of approximately CAD 6,797,009.70 on November 18, 2020. All securities issued in the transaction are subject to a four-month hold period, expiring on March 19, 2021.

TSX Venture Exchange has accepted filing documentation with respect to the transaction which included participation from 89 placees including insiders Silvercorp Metals Inc. (TSX:SVM) for 5,774,000 shares, Rui Feng for 2,400,000 shares, Gordon Neal for 100,000 shares, Jalen Yuan for 66,667 shares, Yong-Jae Kim for 100,000 shares, Jack Austin for 100,000 shares, Gregory Hawkins for 100,000 shares, David Kong for 500,000 shares, Martin Wafforn for 250,000 shares, David Tingey for 33,333 shares, Derek Liu for 50,000 shares, Lon Shaver for 125,000 shares, Marina Katusa for 50,000 shares, Paul Simpson for 300,000 shares, Yikang Liu for 100,000 shares, Song Hong for 300,000 shares, Mark Cruise for 333,333 shares, Kevin Weston for 100,000 shares, Jean Zhang for 10,000 shares, Steve Stakiw for 150,000 shares, and Lorne Waldman for 150,000 shares.