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White Gold Corp Announces DTC Eligibility of its Common Shares in the United States
TORONTO, July 12, 2018 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V:WGO) (OTC – Nasdaq Intl:WHGOF) (FRA:29W) (the "Company") is pleased to announce that the Comp
About this update from White Gold Corp.
[{"type":"text","content":" TORONTO, July 12, 2018 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V:WGO) (OTC – Nasdaq Intl:WHGOF) (FRA:29W) (the \"Company\") is pleased to announce that the Company’s common shares, traded in the United States under the symbol WHGOF, are now eligible for electronic clearing and settlement through the Depository Trust Company in the United States. The Depository Trust Company (DTC) is a subsidiary of the Depository Trust & Clearing Corporation and manages the electronic clearing and settlement of publicly traded companies. Trading of securities through DTC allows for cost-effective clearing and secure settlement, in turn simplifying and accelerating the settlement process for investors. David D’Onofrio, Chief Executive Officer stated, “Achieving DTC eligibility for our common shares will facilitate more reliable, cost-efficient, and timely clearing and settlement for current and prospective White Gold shareholders. We look forward to increasing our visibility and expanding our shareholder base in the United States.” DTC is a member of the U.S. Federal Reserve System, a limited-purpose trust company under New York State banking law, and a registered clearing agency with the U.S. Securities and Exchange Commission. About White Gold Corp.The Company owns a portfolio of 19,606 quartz claims across 30 properties covering over 390,000 hectares representing approximately 40% of the Yukon’s White Gold District. The Company’s flagship White Gold property has a mineral resource of 960,970 ounces Indicated at 2.43 g/t gold and 262,220 ounces Inferred at 1.70 g/t gold as set forth in the technical report entitled “Independent Technical Report for the White Gold Project, Dawson Range, Yukon, Canada”, dated March 5, 2018, filed under the Company’s profile on SEDAR. Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. Regional exploration work has also produced several other prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Goldcorp Inc. (disclosed M&I gold resource of 4.1M oz) and Western Copper and Gold Corporation’s Casino project (disclosed P&P gold reserves of 8.9M oz Au and 4.5B lb Cu). The Company has outlined an aggressive exploration plan to further explore its properties. For mo...