|By Marketwired .||
|September 2, 2014 02:42 PM EDT||
BURNABY, BRITISH COLUMBIA -- (Marketwired) -- 09/02/14 -- White Tiger Mining Corp. (TSX VENTURE: WTC)(FRANKFURT: W0I) (the "Company" or "White Tiger") reports that it has entered into a loan agreement with Prairie Enterprises (Alberta) Ltd. ("Prairie) under which Prairie agreed to advance to the Company an unsecured loan of up to $200,000, subject to the satisfaction of certain conditions, including the receipt of any and all required regulatory approvals. The loan will be advanced in instalments of $25,000, or even multiples thereof, as and when requested by the Company and approved by Prairie. The loan will bear interest at the rate of 12% per annum, calculated monthly and will mature on August 31, 2015. The proceeds of the loan will be used by the Company to fund working capital requirements. Prairie is a corporation controlled by Mr. Edward Yurkowski, a director of the Company.
White Tiger has the option to earn a 50% interest in the Marshall Lake property project from Rainy Mountain Royalty Corp. ("Rainy Mountain") - (TSX VENTURE: RMO) and Marshall Lake Mining PLC ("MLM") by spending $4 million in exploration expenditures over 5 years and issuing 2 million shares over 4 years to Rainy Mountain. As well, White Tiger has the additional option to increase its interest to 75% by incurring such additional expenditures as are necessary to take the project to bankable feasibility stage. As at April 30, 2014 (the Company's most recent financial statement reporting date), White Tiger has earned a 25% joint venture interest in the Marshall Lake property project.
On behalf of White Tiger Mining Corp.
Edward Yurkowski, President and CEO
The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this release. This news release includes certain statements that may be deemed "forward-looking statements". All statements, other than statements of historical facts, that address such matters as future exploration, drilling, exploration activities, potential mineralization and resources and events or developments that the Company expects, are forward looking statements and, as such, are subject to risks, uncertainties and other factors of which are beyond the reasonable control of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include such matters as market prices, exploitation and exploration results, continued availability of capital and financing, and general economic, market or business conditions. Any forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date.
White Tiger Mining Corp.
Jun. 30, 2015 05:00 PM EDT Reads: 2,081
Jun. 30, 2015 04:39 PM EDT Reads: 561
Jun. 30, 2015 04:21 PM EDT Reads: 600
Jun. 30, 2015 03:59 PM EDT Reads: 554
Jun. 30, 2015 02:15 PM EDT Reads: 2,149
Jun. 30, 2015 01:56 PM EDT Reads: 677
Jun. 30, 2015 01:45 PM EDT Reads: 1,994
Jun. 30, 2015 01:45 PM EDT Reads: 1,860
Jun. 30, 2015 01:30 PM EDT Reads: 2,110
Jun. 30, 2015 01:15 PM EDT Reads: 2,052
Jun. 30, 2015 12:30 PM EDT Reads: 1,845
Jun. 30, 2015 10:30 AM EDT Reads: 1,896
Jun. 30, 2015 10:20 AM EDT Reads: 554
Jun. 30, 2015 10:15 AM EDT Reads: 853
Jun. 30, 2015 09:45 AM EDT Reads: 896