White Gold stock surges as Agnico ups stake in private placement – MINING.COM – MINING.com

White Gold is the largest quartz mineral claim holder in the District. Credit: White Gold Corp.

White Gold (TSXV: WGO) has arranged a non-brokered private placement of flow-through and “normal” common shares to raise gross proceeds of C$9 million ($7m).

The flow-through shares will be issued in two tranches at different prices: C$0.98 per share under the first tranche and C$0.80 per share under the second. The common shares will be priced at C$0.70 each.