White Tiger Mining Closes Private Placement

White Tiger Mining Corp.(TSXV:WTC) announced the closing of its previously announced non-brokered private placement. The Company plans to use the proceeds from the placement to further exploration at its Marshall Lake property.

As quoted in the press release:

In connection with the closing of this Private Placement, a Special General Meeting of shareholders was convened and held on August 16, 2012 (the “Meeting”) and at such Meeting shareholders approved the creation of a new “Control Person”, as defined under the policies of the TSX Venture Exchange, which resulted from the subscription of common shares and warrants in the Private Placement by Dundee Corporation and its affiliates. As a result of such acquisition, Dundee Corporation now controls 33.78% of the Company’s current issued and outstanding share capital.

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