White Tiger Closes Private Placement
News Release No. 12-04
Trading symbols:
TSX-V: WTC Frankfurt: W0I
White Tiger Closes Private Placement
West Vancouver, British Columbia – March 27, 2012 – White Tiger Mining Corp. (the “Company” or “White Tiger”) is pleased to announce that, further to its news release dated February 7, 2012, White Tiger has closed its non-brokered private placement (the “Private Placement”). The Company has raised $588,750 by the issuance of 3,925,000 non-flow through units (the “Units”) at a price of $0.15 per Unit. Each Unit consists of one common share and one-half of a share purchase warrant, with each whole warrant entitling the holder to purchase an additional common share for a period of 24 months at an exercise price of $0.25 in the first 12 months and $0.30 thereafter. In connection with the Private Placement, finders’ fees were paid in the amount of $8,632.50, and as well, 57,750 finders’ warrants were issued. All of the securities issued pursuant to this Private Placement are subject to a hold period expiring on July 27, 2012.
The Company intends to use the proceeds from this Private Placement for the continued exploration and advancement of the Company’s Marshall Lake copper, silver, gold property project in Ontario and for general working capital purposes. For further details on the Marshall Lake property project and for previous drilling and assay information and news releases, see the Company’s website (www.whitetigermining.com).
For further information, contact Mr. Clive Shallow, Shareholder Communications, at 604-922-2030, Robert A. Young, Investor Relations, at 604-682-5123 or visit the Company’s website at www.whitetigermining.com.
WHITE TIGER MINING CORP.
“Douglas L. Mason”
_________________________________ Douglas L. Mason, Director (Chairman)
Neither the TSX Venture Exchange nor its Regulation Services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
2489 Bellevue Avenue, West Vancouver, BC V7V 1E1 Tel 604 922 2030 Fax 604 922 2037 www.whitetigermining.com [email protected]