White Tiger Re-Announces Non Brokered Private Placements
News Release No. 12-06
Trading symbols:
TSX-V: WTC Frankfurt: W0I
White Tiger Re-Announces Non Brokered Private Placements
West Vancouver, British Columbia – April 17, 2012 – White Tiger Mining Corp. (the “Company” or “White Tiger”) wishes to advise that the terms of its recently announced private placement (as announced in the Company’s news release of April 4, 2012) have been amended. Subject to regulatory approval, the Company now intends to proceed with a non-brokered private placement to raise up to $1,600,000 by the issuance of 10,000,000 non-flow through units (the “Units”) at $0.16 per Unit. Each Unit will consist of one common share and one-half of a share purchase warrant, with each whole warrant entitling the holder to purchase an additional common share for a period of two years at an exercise price of $0.26. Additionally, the Company also intends to proceed with a flow through nonbrokered private placement to raise up to $1,000,000 by the issuance of 6,250,000 flow through shares (the “FT Shares”) at $0.16 per FT Share. With respect to these private placements, the Company may pay finders’ fees in the amount of 7% in cash or Units, with 7% finders’ warrants based on the sale of the Units and the FT Shares purchased by subscribers introduced to the Company by such finders.
The Company intends to use the proceeds from these private placements for the next phase of exploration on the Company’s Marshall Lake copper, silver, gold property project in Ontario and for general working capital purposes. For further details on the Marshall Lake property project and for previous drilling and assay information and news releases, see the Company’s website (www.whitetigermining.com).
For further information, contact Mr. Clive Shallow, Shareholder Communications, at 604-922-2030, Robert A. Young, Investor Relations, at 604-682-5123 or visit the Company’s website at www.whitetigermining.com.
WHITE TIGER MINING CORP.
“Douglas L. Mason”
______________________________ Douglas L. Mason, Director
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
2489 Bellevue Avenue, West Vancouver, BC V7V 1E1 Tel 604 922 2030 Fax 604 922 2037 www.whitetigermining.com [email protected]