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Whitehorse Gold Increases Non-Brokered Offering to up to $2 million for Aggregate Proceeds Under the Offerings of up to $14.8 million
Announces Results of Annual General Meeting Vancouver, British Columbia--(Newsfile Corp. - M...
About this update from Tincorp Metals Inc
[{"type":"text","content":"Whitehorse Gold Increases Non-Brokered Offering to up to $2 million for Aggregate Proceeds Under the Offerings of up to $14.8 millionAnnounces Results of Annual General MeetingVancouver, British Columbia--(Newsfile Corp. - May 6, 2021) -  Whitehorse Gold Corp. (TSXV: WHG) (\"Whitehorse Gold\" or the \"Company\"), announces that, further to its news release of April 28, 2021, it has increased the size of its non-brokered private placement offering (the \"Non-Brokered Offering\") of units (each, a \"Unit\") and flow-through units (each, a \"Flow-Through Unit\"). The Non-Brokered Offering has now increased to aggregate gross proceeds of up to C$2 million, which consist of up to 329,000 Units and 778,500 Flow-Through Units.This upsized Non-Brokered Offering is separate and concurrent to the brokered private placement offering of Units and Flow-Though Units for aggregate gross proceeds of approximately C$12.8 million (the \"Brokered Offering\") currently being undertaken by BMO Capital Markets and Laurentian Bank Securities Inc. as lead agents and joint bookrunners, on behalf of a syndicate of agents. In addition, the Company has granted the agents an option (the \"Agents' Option\"), exercisable at the applicable issue price up to 48 hours prior to the closing, to place up to an additional 15% of the number of Units or Flow-Through Units purchased pursuant to the Brokered Offering. Aggregate gross proceeds under the Non-Brokered Offering and the Brokered Offering (together, the \"Offerings\") are now expected to be up to $14.8 million, in addition to any funds that may be raised if the Agents' Option is exercised.Whitehorse Gold's CEO, Kevin Weston, commented, \"Due to strong demand we have upsized our Non-Brokered Offering to accommodate the additional interest from qualified investors.\"As previously announced, the Offerings consist of Units at a price of C$1.50 per Unit and Flow-Through Units at a price of C$1.60 per Flow-Through Unit. Each Unit will consist of one common share of the Company (a \"Common Share\") and one Common Share purchase warrant (a \"Common Warrant\"). Each Flow-Through Unit will consist of one flow-through common share and one Common Share purchase warrant (a \"Flow-Through Warrant\"). Each Common Warrant will entitle the holder to acquire one Common Share (a \"Common Warrant Share\") from the Company a...