White Gold Corp. Announces $20 Million Private Placement

Core Viewpoint - White Gold Corp. has announced a brokered private placement offering of premium flow-through units, flow-through common shares, and units to raise capital for exploration activities in the Yukon Territory [1][5][6] Group 1: Offering Details - The offering includes Premium Flow-Through Units priced at $1.17, Flow-Through Shares at $1.00, and Units at $0.85, with each Unit consisting of one common share and one-half of a warrant [1] - The total gross proceeds from the offering could reach up to $3,000,000 if the Agents exercise their option to sell additional Offered Securities [1][8] - The closing date for the offering is anticipated to occur on or about October 9, 2025, pending regulatory approvals [7] Group 2: Company Background - White Gold Corp. owns a portfolio of 15,364 quartz claims across 21 properties, covering 305,102 hectares, representing approximately 40% of the White Gold District in Yukon [3][10] - The flagship White Gold project contains an estimated 1,732,300 ounces of gold in Indicated Resources and 1,265,900 ounces in Inferred Resources, with significant potential for resource expansion [3][10] Group 3: Use of Proceeds - Proceeds from the sale of Premium Flow-Through Units and Flow-Through Shares will be allocated to exploration expenditures on properties in the White Gold District before December 31, 2026 [5] - Proceeds from the sale of Units are expected to be used for general corporate expenses [5] Group 4: Participation and Rights - Agnico Eagle Mines Limited has the right to participate in the offering to maintain its approximate 19.8% interest in the Company [2] - Participation by Agnico and other insiders will be considered a related party transaction, exempting the Company from certain formal valuation requirements [8]