TORONTO, ONTARIO--(Marketwired - Dec. 13, 2016) -


G4G Capital Corp. (TSX VENTURE:GGC) to be renamed White Gold Corp. (the "Company") has closed the strategic investment by Agnico Eagle Mines Limited ("Agnico Eagle") previously announced on December 5, 2016 (the "Strategic Placement"). Pursuant to the Strategic Placement, Agnico Eagle purchased 12,100,000 common shares of the Company (the "Common Shares") at a price of C$1.20 per Common Share, for gross proceeds of C$14,520,000. As a result of the Private Placement (as defined below), Agnico Eagle now owns 19.93% of the total number of issued and outstanding Common Shares.

Concurrently with the Strategic Placement, the Company also closed an offering of an additional 2,900,000 Common Shares at a price of C$1.20 on a private placement basis for additional aggregate gross proceeds of C$3,480,000 (the "Additional Placement" and collectively with the Strategic Placement, the "Private Placement"). Purchasers of the Additional Placement included, amongst others, Rob McEwen, Pat DiCapo, David D'Onofrio and Shawn Ryan. The total gross proceeds raised in the Private Placement are C$18,000,000.

Additionally, subject to certain conditions, Agnico Eagle has the right to participate in any future equity offerings by the Company in order to maintain its 19.93% interest in the Company and to nominate one person (and in the case of an increase in the size of the board of directors of the Company to 10 or more directors, two persons) to the board of directors of the Company, the Company has a right to designate a purchaser in the event that Agnico Eagle wishes to sell more than 5% of its Common Shares, and, Agnico Eagle is subject to a two-year standstill, which will prohibit Agnico Eagle from taking certain actions, including acquiring more than 19.99% of the issued and outstanding Common Shares, subject to certain exceptions.

The Company intends to use the proceeds from the Private Placement together with its current cash on hand: (i) to fully fund the Company's proposed three year exploration program aggregating approximately C$15,000,000; (ii) exercise the option (the "Option") to complete the acquisition of 100% of the 21 properties, comprising approximately 12,301 quartz claims located in the White Gold District of the Yukon Territory (the "Properties") from Shawn Ryan and Wildwood Exploration Inc.; and (iii) for general working capital purposes.

GMP Securities L.P. ("GMP") acted as agent with respect to the sale of 1,000,000 Common Shares in the Additional Placement and in connection therewith, will receive a cash compensation. GMP was also retained as strategic financial advisor to the Company with respect to the Strategic Placement, and in connection therewith, received a cash compensation and 605,000 compensation warrants. Each compensation warrant is exercisable to acquire one Common Share at a price of C$1.20 for a period of two years from the date hereof.

The Common Shares issued pursuant to the Private Placement (and any Common Shares issued upon exercise of the compensation warrants) are subject to a statutory hold period of four months and one day. Insiders of the Company, directly or indirectly, subscribed for an aggregate of 233,333 Common Shares. Pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions, the Company notes that it has not filed a material change report 21 days prior to the expected closing date of the Private Placement. A shorter period was reasonable and necessary in the circumstances as the Company wished to complete the Private Placement in a timely manner following receipt of required regulatory approval.

About White Gold Corp.

White Gold Corp. has an option to acquire 12,301 Claims across 21 properties covering approximately 249,000 hectares representing approximately 30% of the Yukon's White Gold District. Preliminary exploration work has produced several highly prospective targets. The claim packages are bordered by sizable gold discoveries owned by majors including Kinross, Goldcorp and Western Copper & Gold. The Company has outlined an aggressive exploration plan to further explore its properties.

This news release contains forward-looking information within the meaning of applicable securities legislation. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, use of proceeds, exercise of the Option, and advancement of the Properties. Although the Company believes that such statements are reasonable, it can give no assurances that such expectations will prove to be correct. All such forward-looking information is based on certain assumptions and analyses made by the Company in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. This information, however, is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Important factors that could cause actual results to differ from this forward-looking information include those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A. The Company does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information.

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.

This news release does not constitute an offer to purchase securities. The securities to be offered in the Strategic Placement and the Private Placement have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to, or for the benefit or account of, a U.S. person, except pursuant to an available exemption from such registration requirements.

Contact Information:

G4G Capital Corp.
David Schmidt
Chief Financial Officer
(604) 630-6889