Sergey Yanchukov

November 09, 2011 16:21 ET

Acquisition of Securities of White Tiger Gold Ltd.

MOSCOW, RUSSIA--(Marketwire - Nov. 9, 2011) - Sergey Yanchukov ("Yanchukov"), 7 Sholokhova Street, Moscow, Russia, 119634, announces that he has acquired (the "Acquisition"), through two companies wholly-owned by him, beneficial ownership of and/or control or direction over an aggregate of 6,895,000 common shares (the "Acquired Shares") of White Tiger Gold Ltd. ("White Tiger Gold").

Prior to the acquisition of the Acquired Shares, Yanchukov, through two companies wholly-owned by him, beneficially owned and/or exercised control or direction over 25,774,138 White Tiger Gold common shares, representing approximately 8.68% of the issued and outstanding common shares of White Tiger Gold and 3,546,203 common share purchase warrants of White Tiger Gold (each, a "Warrant"). Following the acquisition of the Acquired Shares, Yanchukov beneficially owns and/or exercises control or direction over 32,669,138 common shares of White Tiger Gold. This represents approximately 11.01% of the issued and outstanding common shares of White Tiger Gold (or approximately 12.06% on a partially diluted basis, assuming exercise of the 3,546,203 Warrants).

The Acquisition was completed through the facilities of the Toronto Stock Exchange and a private transaction outside of any market or other facility.

The value of the Acquired Shares was CDN$4,326,350. 4,935,000 of the Acquired Shares were acquired through the facilities of the Toronto Stock Exchange at a price of CDN$0.69 per share and 1,960,000 of the Acquired Shares were acquired pursuant to a private transaction at a price of CDN$0.47 per share.

The Acquired Shares were acquired for investment purposes. Yanchukov may, in the future, increase or decrease his ownership of securities of White Tiger Gold, directly or indirectly, from time to time depending upon the business and prospects of White Tiger Gold and future market conditions.

An early warning report (the "EWR") will be filed on SEDAR and will be available for review at www.sedar.com under White Tiger Gold's profile. A copy of the EWR can be obtained from the contact below.

Contact Information

  • Evgeniy Konstantinidi
    +7495 956 9449