One more news release that I think is relevant. Nearly 25,000,000 shares issued at a buck a piece. I still don't see why the WTG SP is anywhere near as high as it is. There is no fundamental supporting it at that value.
Lar
White Tiger Gold Ltd. has raised C$24.8 million in equity
Road Town, Tortola, British Virgin Islands – December 29, 2010 – Further to its press release of November 11, 2010, White Tiger Gold Ltd. (“White Tiger Gold” or the “Company”) (formerly, SL Resources Inc.) is pleased to announce that it has completed the first tranche of a non-brokered offering of subscription receipts of the Company (each, a “Subscription Receipt”) pursuant to which 24,830,210 Subscription Receipts were sold at a subscription price of C$1.00 per Subscription Receipt for aggregate gross proceeds of C$24,830,210. In accordance with its terms, each Subscription Receipt has been automatically exchanged for one common share of the Company (without payment of any additional consideration), thus all 24,830,210 outstanding Subscription Receipts have been exchanged for 24,830,210 common shares of White Tiger Gold.
As of the date hereof, and taking into account the shares referred to above, there are 114,630,210 common shares of the Company issued and outstanding.
