Goldcorp (G-T) has acquired 520,000 shares of White Knight Resources (WKR-V) for 59.31 apiece.
The new shares boost Goldcorp’s stake in the Vancouver-based gold explorer to 10.75%, on a partially diluted basis.
Goldcorp also owns just shy of 1.8 million warrants of White Knight, with each good for one additional share at a price of $1.25 apiece.
White Knight has been exploring for Carlin-type gold deposits in north-central Nevada since 1993.
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