White Tiger Announces Non Brokered Private Placement
May 06 2011 - 10:35AM
Marketwired
White Tiger Mining Corp. (the "Company" or "White Tiger") (TSX
VENTURE: WTC)(FRANKFURT: W0I) announces that, subject to regulatory
approval, it intends to proceed with a non-brokered private
placement (the "Private Placement") to raise up to $1,500,000 by
the issuance of up to 5,000,000 non-flow through units (the
"Units") at $0.30 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
at a price of $0.40 for a period of one year from the closing date.
With respect to this Private Placement, the Company may pay
finders' fees in the amount of 7% of the proceeds raised from the
sale of the Units (payable in cash or Units at a deemed price of
$0.30 per Unit) purchased by subscribers introduced to the Company
by such finders.
The Company intends to use the proceeds from this Private
Placement for additional drilling on the "RM Zone" and other
possible targets 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 recent drilling and assay information, see the Company's
website (www.whitetigermining.com) and White Tiger's recent news
releases dated April 5, April 11, April 20 and May 3, 2011.
White Tiger Mining Corp.
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.
Contacts: White Tiger Mining Corp. Mr. Clive Shallow Shareholder
Communications 604-922-2030 604-922-2037 (FAX) White Tiger Mining
Corp. Robert A. Young Investor Relations 604-682-5123
info@whitetigermining.com www.whitetigermining.com
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