The company is offering $400 million of 7.5% senior notes, due 2027, to fund redemption of outstanding 6.25% notes due 2022.
Last year it repurchased $99.7 million of the 2022 unsecured notes.
Yukon-focused White Gold Corp has also announced closure of a C$6 million private placement led by Eric Sprott and supported by key strategic partners Agnico Eagle Mines and Kinross Gold, which will maintain respective 17.1% stakes in the junior. The placement of 6.67 million White Gold flow-through shares was priced at 90c.
Other key participants in the financing include funds managed by Sprott Asset Management, and insiders Pat DiCapo and David D'Onofrio.
The company now has working capital of about C$9 million.
White Gold says it has a busy field season planned for its 420,000-hectares of ground in the White Gold District.
Meanwhile, Bolivia-focused Eloro Resources said it had completed a $1.5 million placement of five million shares with attached half-warrants. The units, priced at 30c, give holders a right to swap full warrants for 50c shares for 24 months.
Crescat Capital subscribed for the bulk of the offering, sinking $1.35 million into the company.
Eloro plans to use the proceeds to fund its exploration effort at Iska Iska in Bolivia's prolific South Mineral Belt. The region has world-class deposits as Chorolque, Tasna, Choroma, Siete Suvyos and San Vicente.