Whitehorse Gold (TSXV:WHG) closes first tranche of private placement

Whitehorse Gold Corp. (WHG) has closed the first tranche of its non-brokered private placement for gross proceeds of $ 3,169,000Under the first tranche, the company issued 7,922,500 units for $ 0.40 per unitNet proceeds will be used for working capital requirements and other general corporate purposesWhitehorse Gold is a mineral exploration and development companyWhitehorse Gold Corp. (WHG) is down 1.02 per cent on the day, trading at C$ 0.485 per share at 1:15 pm ET

Whitehorse Gold Corp. (WHG) has closed the first tranche of its non-brokered private placement for gross proceeds of $ 3,169,000.

Under the first tranche of the previously announced financing, the company issued 7,922,500 units for $ 0.40 per unit.

The closing of the private placement is subject to the final approval of the TSX Venture Exchange.

All securities issued are subject to a statutory four-month hold period.

Net proceeds will be used for working capital requirements and other general corporate purposes.

Whitehorse Gold Corp. is a mineral exploration and development company focusing on tin projects in Bolivia and a gold project near Whitehorse, Yukon, Canada.

Whitehorse Gold Corp. (WHG) is down 1.02 per cent on the day, trading at C$ 0.485 per share at 1:15 pm ET.

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Whitehorse Gold (TSXV:WHG) closes first tranche of private placementStock