White Gold to raise $14.5M for exploration

Core Viewpoint - White Gold Corp is raising C$20 million ($14.5 million) through a brokered private placement to fund exploration activities in the Yukon Territory of Canada [1] Group 1: Offering Details - Clarus Securities will act as the lead agent, issuing premium flow-through units at C$1.17 per unit, flow-through common shares at C$1.00 per share, and non-premium units at C$0.85 per unit [2] - Each premium unit consists of one flow-through share and one-half of a common share purchase warrant, while the non-premium unit includes one common share and one-half of a warrant, with each whole warrant exercisable at C$1.15 for 24 months [2] Group 2: Shareholder Participation - Agnico Eagle Mines, holding a 19.8% stake in White Gold, plans to participate in the offering to maintain its interest on a partially diluted basis [3] Group 3: Company Overview - White Gold owns a portfolio of 21 properties covering 3,051 km², representing 40% of the Yukon’s White Gold district, with its flagship project hosting four near-surface gold deposits [4] - The updated resource estimate indicates 1.73 million oz. of gold in indicated resources and 1.27 million oz. in inferred resources, positioning White Gold among the top 3 gold projects in the Yukon [5] Group 4: Future Plans and Exploration - The CEO of White Gold expressed intentions to increase the scale of the project and advance it to a Preliminary Economic Assessment (PEA) to demonstrate its economic potential [6] - Ongoing exploration activities aim to unlock additional value across the extensive land package, targeting gold and critical mineral opportunities in the underexplored White Gold district [6] - Recent regional exploration has led to new discoveries and prospective targets, bordering significant gold and copper projects, including Newmont's Coffee project and Western Copper and Gold's Casino project [6]