TORONTO, Mar 20, 2013, 2013 (Canada NewsWire via COMTEX) --White Tiger Gold Ltd. ("White Tiger" or the "Company") (TSX: WTG) announces that it has been notified that an insider and shareholder of the Company, Unique Goals International Ltd ("Unique"), has completed the purchase (the "Purchase") of an aggregate of 268,700,731 common shares of the Company ("Shares"). The Company understands that the Purchase was completed by way of private transactions with two beneficial shareholders of the Company, with 238,700,371 Shares being purchased from companies wholly-owned by Mr. Maxim Finskiy, a director and insider of the Company, and 30,000,000 Shares being purchased from Inger Industries Ltd.
Unique is controlled by Mr. Sergey Yanchukov. As a result of the Purchase, Mr. Yanchukov now beneficially owns, or has control and direction over an aggregate of 338,300,208 Shares, representing approximately 70.25% of the issued and outstanding Shares. If the warrants of the Company controlled by Mr. Yanchukov are fully exercised into 204,010,013 Shares, Mr. Yanchukov would control 542,310,221 Shares representing approximately 79.10% of the issued and outstanding Shares (after giving effect to such exercise).
The Company also announces Mr. Maxim Finskiy has resigned from his roles as Executive Chairman and a director of the Company, effective immediately. Mr. Finskiy resigned in order to pursue other interests.
Jim McBurney, CEO of White Tiger, said, "On behalf of the Board of Directors, I would like to thank Mr. Finskiy for his leadership and service to the Company."
About White Tiger
White Tiger Gold Ltd. is a TSX-listed mining and exploration company, focused on the development of mineral resources in the Russian Federation.
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