White Gold Corp Announces DTC Eligibility of its Common Shares in the United States
White Gold Corp Announces DTC Eligibility of its Common Shares in the United
States
TORONTO, July 12, 2018 -- White Gold Corp. (TSX.V:WGO) (OTC – Nasdaq Intl:WHGOF) (FRA:29W) (the "Company") is
pleased to announce that the Company’s common shares, traded in the United States under the symbol WHGOF, are now
eligible for electronic clearing and settlement through the Depository Trust Company in the United States.
The Depository Trust Company (DTC) is a subsidiary of the Depository Trust & Clearing Corporation and manages the
electronic clearing and settlement of publicly traded companies. Trading of securities through DTC allows for cost-effective
clearing and secure settlement, in turn simplifying and accelerating the settlement process for investors.
David D’Onofrio, Chief Executive Officer stated, “Achieving DTC eligibility for our common shares will facilitate more reliable,
cost-efficient, and timely clearing and settlement for current and prospective White Gold shareholders. We look forward to
increasing our visibility and expanding our shareholder base in the United States.”
DTC is a member of the U.S. Federal Reserve System, a limited-purpose trust company under New York State banking law,
and a registered clearing agency with the U.S. Securities and Exchange Commission.
About White Gold Corp.
The Company owns a portfolio of 19,606 quartz claims across 30 properties covering over 390,000 hectares representing
approximately 40% of the Yukon’s White Gold District. The Company’s flagship White Gold property has a mineral resource of
960,970 ounces Indicated at 2.43 g/t gold and 262,220 ounces Inferred at 1.70 g/t gold as set forth in the technical report
entitled “Independent Technical Report for the White Gold Project, Dawson Range, Yukon, Canada”, dated March 5, 2018, filed
under the Company’s profile on SEDAR. Mineralization on the Golden Saddle and Arc is also known to extend beyond the
limits of the current resource estimate. Regional exploration work has also produced several other prospective targets on the
Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Goldcorp Inc.
(disclosed M&I gold resource of 4.1M oz) and Western Copper and Gold Corporation’s Casino project (disclosed P&P gold
reserves of 8.9M oz Au and 4.5B lb Cu). The Company has outlined an aggressive exploration plan to further explore its
properties. For more information visit www.whitegoldcorp.ca.
Cautionary Note Regarding Forward Looking Information
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking
statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of
historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this
news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not
expect", "is expected", "anticipates" or "does not anticipate", "plans", “proposed”, "budget", "scheduled", "forecasts",
"estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results
"may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be
forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the anticipated
benefits to the Company and its shareholders respecting the Company’s objectives, goals and exploration activities conducted
and proposed to be conducted at the White Gold properties; future growth potential of the Company, including whether any
proposed exploration programs at any of the Company’s properties will be successful; exploration results; and future
exploration plans and costs and financing availability.
These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at
the time such statements were made. Actual future results may differ materially as forward-looking statements involve known
and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the
Company to materially differ from any future results, performance or achievements expressed or implied by such forward-
looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the
exploration conducted and proposed to be conducted at the White Gold properties; failure to identify any additional mineral
resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the
availability and costs of financing needed in the future, including to fund any exploration programs on the White Gold
properties and the Company’s other properties; business integration risks; fluctuations in general macroeconomic conditions;
fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other
commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in
national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and
hazards associated with the business of mineral exploration, development and mining (including environmental hazards,
industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate
insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and
mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations;
availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and
development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the
unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results
of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being
preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and those
factors described under the heading "Risks and Uncertainties" in the Company’s most recently filed management’s discussion
and analysis. Although the forward-looking statements contained in this news release are based upon what management of
the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that
actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to
be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements
and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to
develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to
release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable
securities law.
Neither the TSX Venture Exchange (the “Exchange”) nor its Regulation Services Provider (as that term is defined in
the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Contact Information:
David D’Onofrio
Chief Executive Officer
White Gold Corp.
(416) 643-3880