On July 29, 2021, White Gold Corp. completed a brokered private placement led by Clarus Securities Inc. and a syndicate of agents including Eight Capital and Stifel GMP. The offering, which was completed on a best-efforts agency basis, consisted of the sale of 1,302,000 units at a price of $0.65 per unit, 2,538,462 premium flow-through units at a price of $0.87 per unit and 1,507,400 flow-through shares at a price of $0.75 per flow-through share for aggregate gross proceeds of approximately $4.1 million.
Each unit was comprised of one common share of White Gold and one-half of one common share purchase warrant, with each whole warrant entitling the holder to acquire one common share at a price of $0.80 for a period of 24 months from the closing of the offering.
Cassels acted for White Gold.