White Gold Corp. Closes Upsized $23 Million Private Placement

Executive Summary

• White Gold Corp. closed a broker‑driven private placement for approximately $23 million in gross proceeds.
• The offering consisted of Units, premium flow‑through units and flow‑through shares priced at $0.85, $1.17 and $1.00 respectively, each accompanied by half‑share purchase warrants exercisable at $1.15 for 24 months.
• Proceeds will fund exploration expenditures on the White Gold District (FT Units/FT Shares) and provide working capital/general corporate funds (Units).

Key Details

• Offering Structure & Pricing
• 9,411,710 Units @ $0.85 per Unit → $8.00 M gross.
• 8,547,000 FT Units @ $1.17 per FT Unit → $10.00 M gross.
• 5,000,000 FT Shares @ $1.00 per FT Share → $5.00 M gross.
• Warrant Terms – Each Unit/FT Unit includes one‑half of a warrant; each full warrant allows purchase of one common share at $1.15 for 24 months after closing.
• Use of Proceeds
• FT Units & FT Shares: earmarked for qualifying exploration expenditures in the White Gold District before 31 Dec 2026, to be renounced for tax purposes (fiscal year ending 31 Dec 2025).
• Units: allocated to working capital and general corporate expenses.
• Agent Compensation – Cash commission of 6.0% of gross proceeds (excluding Agnico‑related proceeds) plus non‑transferable compensation options equal to 6.0% of securities sold, exercisable at the same per‑share prices as the underlying securities for 24 months.
• Related Party Participation – Agnico Eagle Mines Ltd., PowerOne Capital Corp., CEO David D’Onofrio and VP Exploration Dylan Langille participated; transaction qualified as a “related party transaction” under MI 61‑101, with exemption from formal valuation/minority approval.
• Statutory Hold Period – All offered securities and compensation options subject to a four‑month‑plus‑one‑day hold period 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, CEO

Materiality Assessment: Material – Positive (significant capital raise enabling major exploration program).