On December 19, 2022, White Gold Corp. completed a non-brokered private placement for gross proceeds of approximately $4.4 million. The offering consisted of the sale of: (i) 1,885,000 common shares at a price of $0.38 per share; and (ii) 9,025,780 common shares issued on a “flow-through” basis at a price of $0.41 per share. Agnico Eagle Mines Limited participated in the offering in order to maintain its partially-diluted ownership in White Gold at 19.8%.
Cassels acted for White Gold.