WHITE GOLD CORP. ("WGO") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: June 15, 2017 TSX Venture Tier 2 Company
Property-Asset or Share Purchase Agreement:
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation pertaining to a purchase and sale agreement dated May 18, 2017 (the "Agreement"), between White Gold Corp. (the "Company") and Kinross Gold Corporation ("Kinross"). Pursuant to the Agreement, the Company acquired an indirect 100% interest in the White Gold property, Yukon (the "Property").
Consideration for the Property is as follows:
* 17,500,000 common shares of the Company;
* $10,000,000 cash payment; and
* Up to $15,000,000 in deferred payments related to the advancement of the Property.
GMP Securities L.P. received a finder's fee of $850,000.
Insider / Pro Group Participation: N/A
For additional information please refer to the Company's news releases dated May 18, 2017 and June 14, 2017. _______________________________________
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