MOSCOW, RUSSIA--(Marketwire - Oct. 22, 2012) - Maxim Finskiy ("Finskiy"), 22 Tverskaya Ulitsa, Moscow 125009, Russia, 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 53,104,577 common shares (the "Acquired Shares") of White Tiger Gold Ltd. ("White Tiger Gold").
Prior to the acquisition of the Acquired Shares, Finskiy, through companies wholly-owned by him, beneficially owned and/or exercised control or direction over 185,595,794 White Tiger Gold common shares, representing approximately 43.83% of the issued and outstanding common shares of White Tiger Gold. Following the acquisition of the Acquired Shares, Finskiy beneficially owns and/or exercises control or direction over 238,700,371 common shares of White Tiger Gold, representing approximately 50.09% of the issued and outstanding common shares (on an undiluted basis).
The Transaction was a private transaction outside of any market or other facility.
The Acquired Shares were issued to Finskiy in full and final settlement of an aggregate of CDN$5,310,457.70 in loans (including accrued interest) owing to Kirkland Intertrade Corp. (a company beneficially owned, directly or indirectly, by Finskiy) by White Tiger Gold. The Acquired Shares were issued at a price of CDN$0.10 per share.
The Acquired Shares were acquired for investment purposes. Finskiy 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.