Vancouver, British Columbia: Whitehorse Gold Corp.
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.
The Offerings are subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSXV and any applicable securities regulatory authorities.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
AGM Results All matters submitted to the shareholders for approval as set out in Whitehorse Gold’s notice of meeting and information circular dated March 31, 2021, were approved by the requisite majority of votes cast at the annual general meeting of the shareholders held on May 5, 2021 .
Mark Cruise, Kevin Weston, Lorne Waldman and Bhakti Pavani were re-elected to serve as directors of the Company.
in Geological Sciences from the University of Saskatchewan in Canada in 1992 and received a Post-Doctorial fellowship from the National Sciences and Engineering Council of Canada in 1992.
At the AGM, shareholders also voted: 99.78 percent in favour of approving the reappointment of Deloitte LLP as auditor of the company for the ensuing year, and 97.74 percent in favour of approving the Company’s new 10% rolling stock option plan.
The options are exercisable for a period of ten years from the date of grant at price of $1.38 per share, being the closing price of the Common Shares on the TSXV on May 5, 2021.
Whitehorse Gold is a responsible mineral exploration and development company focused on its 170-square-km Skukum Gold Project located in southern Yukon, approximately 55 km south-southwest of Whitehorse.
Such risks and other factors include, among others: that investor interest will be sufficient to close the Offerings, social and economic impacts of COVID-19; actual exploration results; changes in project parameters as plans continue to be refined; results of future exploration activities and resource estimates; future metal prices; availability of capital and financing on acceptable terms; general economic, market or business conditions; uninsured risks; regulatory changes; defects in title; availability of personnel, materials and equipment on a timely basis; accidents or equipment breakdowns; delays in receiving government and regulatory approvals ; unanticipated environmental impacts on operations and costs to remedy same; and other exploration risks or other risks detailed herein and from time to time in the filings made by the Company with securities regulators.