White Gold Corp. Closes $5M First Tranche of Upsized Private Placement

Group 1 - White Gold Corp. closed the first tranche of a non-brokered private placement, raising approximately $5,015,000 through the sale of various types of shares [1][3][4] - The offering included 8,063,000 flow-through shares at C$0.26 each, 5,092,593 shares qualifying for a 30% federal tax credit at $0.27 each, and 7,013,182 common shares at C$0.22 each [1][8] - The proceeds from the sale of flow-through shares will be used for Canadian exploration expenses related to the Company's properties in the White Gold District, with a deadline for incurring these expenses by December 31, 2025 [8] Group 2 - The CEO of White Gold Corp. expressed appreciation for the support from shareholders and highlighted the potential of the Company's exploration program for 2025 [2] - The Company owns a portfolio of 15,876 quartz claims across 26 properties, covering approximately 315,000 hectares, representing about 40% of the Yukon’s White Gold District [14] - The flagship White Gold project contains an estimated 1,203,000 ounces of gold in Indicated Resources and 1,116,600 ounces in Inferred Resources [14]