Northwire Canada EditionSunday, August 16, 2026
Sign inSubscribe
Northwire
⌕
ERD 6.16 −1.4% NFG 2.37 +2.2% CLM 0.060 +0.0% GEMG 1.64 +0.0% STGO 1.56 +2.6% WEX 0.580 −3.3% NOBL 0.120 +9.1% LGO 1.00 −3.9% SSE 0.095 +0.0% AAZ 0.040 +0.0% MNRG 0.095 +11.8% RME 0.260 +30.0% NUAG 9.48 +1.3% KRN 0.300 +11.1% EON 0.020 −nan% EMO 0.420 −1.2% ERD 6.16 −1.4% NFG 2.37 +2.2% CLM 0.060 +0.0% GEMG 1.64 +0.0% STGO 1.56 +2.6% WEX 0.580 −3.3% NOBL 0.120 +9.1% LGO 1.00 −3.9% SSE 0.095 +0.0% AAZ 0.040 +0.0% MNRG 0.095 +11.8% RME 0.260 +30.0% NUAG 9.48 +1.3% KRN 0.300 +11.1% EON 0.020 −nan% EMO 0.420 −1.2%
Financings

White Gold closes $23-million private placement

By The Northwire Desk — AI Analysis Oct 15, 2025 · 19:22 WGO · 1.19 White Gold Corp.
WGO · Price

Executive Summary

  • White Gold Corp. closed an upsized $23 million brokered private placement of units, flow‑through units and flow‑through shares.
  • Proceeds will fund extensive exploration on the flagship White Gold project and other district‑scale targets in Yukon, as well as working capital.
  • The offering included a 6% cash commission to agents and related‑party participation by Agnico Eagle, PowerOne Capital, CEO David D’Onofrio and VP Dylan Langille.

Key Details

  • Gross proceeds: Approximately $23 million (including full exercise of the agent option).
  • Units sold: 9,411,710 units at C$0.85 per unit. Each unit = 1 common share + ½ warrant.
  • Flow‑through units sold: 8,547,000 units at C$1.17 per unit. Each flow‑through unit = 1 flow‑through share + ½ warrant.
  • Flow‑through shares sold: 5,000,000 shares at C$1.00 per share.
  • Warrant terms: All warrants allow purchase of one common share at C$1.15 for 24 months post‑closing; each unit/flow‑through unit includes a half‑warrant.
  • Use of proceeds – Flow‑through securities: Dedicated to exploration expenditures in the White Gold district before 31 Dec 2026; qualifying expenses will be renounced for FY ending 31 Dec 2025.
  • Use of proceeds – Units: Allocated to working capital and general corporate purposes.
  • Agent compensation: 6% cash commission on gross proceeds (excluding Agnico‑related sales) plus non‑transferable compensation options equal to 6% of securities sold (again excluding Agnico). Options priced at the same per‑share price as the underlying security.
  • Related‑party participation: Agnico Eagle exercised its investor rights; insiders PowerOne Capital, CEO David D’Onofrio and VP Dylan Langille also participated. Exemptions from formal valuation/minority approval were relied upon under MI 61‑101.
  • Holding period: All securities and compensation options subject to a statutory hold of four months and one day per Canadian securities law.

Notable Quotes

“We are very grateful for the interest from new and existing shareholders as we continue to advance our flagship White Gold project… This financing provides the resources to execute our largest drill program to date…” – David D’Onofrio, Chief Executive Officer.

Read the original news release →

More from White Gold Corp.

Aug 12, 2026 · 07:01

White’s spin-out approval enables focused gold development and critical mineral monetization.

M&A / Property Aug 10, 2026 · 07:01

White’s maiden PEA for the project yields a C$1.9B after-tax NPV, 38% IRR, and 1.7-year payback using only 60% of the resource.

Technical Study Jul 29, 2026 · 07:01

White continues drilling at its project as a preliminary economic assessment remains pending without new assay results.

Drill Results Jul 21, 2026 · 07:01

White awaits an August 11 shareholder vote on a spin-out filing that advances its critical mineral separation capabilities.

M&A / Property Jun 15, 2026 · 07:01

White sets shareholder meeting dates for the W2 spin-out, which holds critical minerals assets in Canada.

Drill Results Jun 04, 2026 · 06:05

White launches a 5,000-metre drill program in the Yukon following the spin-out of its critical mineral assets.

Drill Results