White Gold arranges $20-million private placement

Executive Summary

• White Gold Corp. announced a brokered private placement to raise up to $20 million through premium flow‑through units, flow‑through shares, and regular units.
• The offering includes warrants allowing purchase of common shares at $1.15 for 24 months after closing.
• Proceeds will fund exploration in the White Gold district of Yukon and cover general corporate expenses; Agnico Eagle Mines Ltd. will maintain its ~19.8 % stake.

Key Details

• Securities Offered
• Premium flow‑through units at $1.17 each (each unit = 1 flow‑through share + ½ warrant).
• Flow‑through common shares at $1.00 each.
• Regular units at $0.85 each (each unit = 1 common share + ½ warrant).
• Warrant Terms
• Each warrant permits purchase of one common share at $1.15.
• Warrants exercisable for 24 months after the closing date.
• Gross Proceeds Target
• Up to $20 million from the primary offering.
• Agents may raise an additional $3 million by exercising a pre‑closing option to sell extra securities at the same prices.
• Use of Proceeds
• Primarily for exploration expenditures on White Gold district properties (to be incurred before Dec 31 2026).
• Qualifying exploration expenses will be renounced to premium flow‑through unit and flow‑through share subscribers for FY ending Dec 31 2025.
• Remaining funds allocated to general corporate expenses.
• Investor Rights
• Agnico Eagle Mines Ltd., under an existing investor rights agreement, has the right to participate to maintain its ~19.8 % pro‑rata interest and intends to do so on a partially diluted basis.
• Closing Timeline
• Anticipated closing on or about Oct. 9 2025, subject to regulatory approvals (TSX Venture Exchange).
• Regulatory & Exemption Details
• Offering made under applicable securities law exemptions; no prospectus required.
• Related‑party participation by Agnico qualifies as a MI 61‑101 transaction; company exempt from formal valuation or minority shareholder approval per sections 5.5(a) and 5.7(1)(a).
• Qualified Person
• Steven Walsh, P.Geo., senior exploration geologist, reviewed and approved the release in accordance with NI 43‑101.

Notable Quotes

“We are very appreciative of the interest and support from new and existing shareholders for our exploration activities to advance our White Gold project… We look forward to further increasing the scale of the project as we concurrently advance it to a PEA to demonstrate its economic potential.” – David D’Onofrio, CEO, White Gold Corp.