Breaking News: White Gold Corp Secures $4.5 Million in Private Funding for Future Growth!

Toronto, Dec. 05, 2024 (GLOBE NEWSWIRE) —

White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the “Company”) is pleased to announce a non-brokered private placement for gross proceeds of $4,500,000 consisting of the sale of a combination of :

(i) Common Shares in the capital of the Company (“Common Shares”) that qualify as “flow-through shares” within the meaning of the Income Tax Act (Canada) (the “Tax Act”) at a price of C$0.26 per share (each an “FT Share”);

(ii) FT Shares that will also qualify for the federal 30% Critical Mineral Exploration Tax Credit at a price of $0.27 per share (each a “CFT Share”); and

(iii) Common Shares a price of C$0.22 per share (each an “HD Share”) (the “Offering”).

White Gold Corp securing $4.5 million in private funding is a significant milestone for the company. This infusion of capital will provide the company with the necessary resources to fuel its future growth and expansion plans. The funding will allow White Gold Corp to invest in exploration activities, acquire new assets, and strengthen its position in the market.

This private placement demonstrates investor confidence in the company’s prospects and potential for long-term success. It also highlights the strategic vision of White Gold Corp’s management team in securing the necessary funding to drive the company forward.

With the financial backing in place, White Gold Corp is well-positioned to capitalize on opportunities in the mining sector, enhance its exploration efforts, and create value for its shareholders. The company’s dedication to sustainable exploration practices and responsible mining will continue to guide its operations as it moves forward with its growth plans.

How will this affect me?

As an investor, the securing of $4.5 million in private funding by White Gold Corp is a positive development. It indicates the company’s ability to attract investment and signals confidence in its growth trajectory. This could potentially lead to an increase in the value of your investment in the company and offer opportunities for future returns.

How will this affect the world?

The private funding secured by White Gold Corp will have a broader impact on the mining industry and the economy as a whole. By investing in exploration activities and acquiring new assets, the company is contributing to the development of critical mineral resources. This can support economic growth, create jobs, and drive innovation in the sector, ultimately benefiting the global market.

Conclusion

White Gold Corp’s successful securing of $4.5 million in private funding represents a significant milestone for the company and sets the stage for future growth and expansion. The investment signals investor confidence in the company’s prospects and strategic direction, positioning White Gold Corp for success in the competitive mining industry. As the company continues to pursue its exploration activities and sustainable mining practices, it will play a key role in shaping the future of the mining sector and contributing to economic development on a global scale.