White Tiger To Carry Out Further Private Placement

White Tiger Mining Corp.(TSXV:WTC) announced that it will be carrying out  a private placement for gross proceeds of $1,600,000. White Tiger is planning on using the proceeds from the placement for further exploration at its Marshall Lake property.

As quoted in the press release:

Subject to regulatory approval, the Company now intends to proceed with a further non-brokered private placement to raise up to $1,600,000 by the issuance of up to 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.

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