MOSCOW, RUSSIA--(Marketwire - Aug. 24, 2012) - Sergey Yanchukov ("Yanchukov"), 7 Sholokhova Street, Moscow, Russia, 119634, announces that pursuant to a private transaction (the "Transaction"), he acquired, through a company wholly-owned by him, beneficial ownership of and/or control or direction over 204,010,013 common share purchase warrants (the "Acquired Warrants") of White Tiger Gold Ltd. ("White Tiger Gold").
Prior to the acquisition of the Acquired Warrants, Yanchukov, through a company wholly-owned by him, beneficially owned and/or exercised control or direction over 69,599,837 White Tiger Gold common shares and 3,546,203 common share purchase warrants, representing approximately 17.0% of the issued and outstanding common shares of White Tiger Gold on an undiluted basis. Following the acquisition of the Acquired Warrants, Yanchukov beneficially owns and/or exercises control or direction over 69,599,837 White Tiger Gold common shares and 207,647,216 warrants. This represents approximately 17.0% of the issued and outstanding White Tiger Gold common shares on an undiluted basis (or 277,247,053 common shares or approximately 45.0% on a partially diluted basis, assuming exercise of the 207,647,216 warrants held by Yanchukov).
The Transaction was a private transaction outside of any market or other facility.
The Acquired Warrants were issued to Yanchukov in consideration of the extension, until January 31, 2015, of $20,401,001.30 in loans (including accrued interest) owing to Unique Goals International Ltd. (a company beneficially owned, directly or indirectly, by Yanchukov) by White Tiger Gold.
The Acquired Warrants 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.