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WESTERN COPPER AND GOLD ANNOUNCES COMPLETION OF BOUGHT DEAL PUBLIC OFFERING OF $46 MILLION
WESTERN COPPER AND GOLD ANNOUNCES COMPLETION OF BOUGHT DEAL PUBLIC OFFERING OF $46 MILLION ...
About this update from Western Copper And Gold Corporation
[{"type":"text","content":"\n \n \n \n WESTERN COPPER AND GOLD ANNOUNCES COMPLETION OF BOUGHT DEAL PUBLIC OFFERING OF $46 MILLION\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n April 30, 2024\n \n \n /CNW/ - Western Copper and Gold Corporation (\"Western\" or the \"Company\") (TSX: WRN) (NYSE American: WRN) is pleased to announce that it has completed its previously announced bought deal public offering (the \"Offering\") of 24,210,526 common shares of the Company (the \"Common Shares\") at a price of\n \n $1.90\n \n per Common Share for gross proceeds of\n \n $45,999,999.40\n \n , including the full exercise of the over-allotment option.\n \n \n \n \n \n \n \n \n \n The Offering was completed pursuant to an underwriting agreement dated\n \n April 16, 2024\n \n entered into between the Company and a syndicate of underwriters led by Eight Capital, and including Cormark Securities Inc., National Bank Financial Inc., Raymond James Ltd., BMO Capital Markets, Canaccord Genuity Corp., CIBC World Markets Inc., H.C. Wainwright & Co., LLC, RBC Dominion Securities Inc., Echelon Wealth Partners Inc. and Haywood Securities Inc. (the \"Underwriters\"). In connection with the Offering, the Company paid the Underwriters a cash commission equal to 5.0% of the gross proceeds, other than on sales of an aggregate of 358,000 Common Shares to purchasers on a president's list.\n \n \n The net proceeds from the sale of the Common Shares are expected to be used to advance permitting and engineering activity at the Company's\n \n Casino\n \n Project in the\n \n Yukon\n \n and for general corporate and working capital purposes.\n \n \n The Offering was completed by way of a short form prospectus (the \"Prospectus\") filed in all of the provinces of\n \n Canada\n \n , except Québec, and in\n \n the United States\n \n pursuant to a prospectus filed as part of a registration statement on Form F-10 (the \"Registration Statement\") under the\n \n Canada\n \n /U.S. multi-jurisdictional disclosure syst...