White Tiger Completes Non-Brokered Private Placement
Trading symbol: TSX-V: WTC News Release No. 10-04
White Tiger Completes Non-Brokered Private Placement
West Vancouver, British Columbia – May 3, 2010 – White Tiger Mining Corp. (the “Company” or “White Tiger”) is pleased to announce that further to its news release of March 3, 2010, the Company has closed its non-brokered private placement (the “Private Placement”). The Company has raised $774,000 by the issuance of 3,096,000 non-flow through units (the “Units”) at a price of $0.25 per Unit. Each Unit consists one common share and one half of a share purchase warrant, with each whole warrant entitling the holder to purchase an additional common share at a price of $0.40 for a period of one year from the closing date. In connection with the Private Placement, finders’ fees were paid in the amount of $58,650 ($38,150 in cash and $20,500 in Units). All of the securities issued pursuant to the Private Placement are subject to a hold period expiring on August 30, 2010.
Of the Units subscribed for in this Private Placement, 550,000 Units were acquired by Douglas Mason, the Company’s Chairman, which acquisition was facilitated through a gypsy swap of 580,000 shares prior to the closing of the Private Placement.
The Company intends to use the proceeds from the Private Placement for general working capital purposes and for furthering the exploration of the Company’s mineral exploration properties.
To receive Company news via email from CHF Investor Relations, please contact Alison Tullis at [email protected] and reference "White Tiger News" on the subject line.
For further information, please contact:
White Tiger Mining Corp. CHF Investor Relations
Clive Shallow, Investor Communications Alison Tullis, Senior Account Manager Tel: (604) 922-2030 Tel: (416) 868-1079 ext. 233 Fax: (604) 922-2037 Fax: (416) 868-6198 Email: [email protected] Email: [email protected]
White Tiger Mining Corp.
“Douglas L. Mason”
_________________________________ Douglas L. Mason, Director (Chairman)
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.