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Western Copper and Gold Announces Strategic Investment by Michael Vitton
Western Copper and Gold Announces Strategic Investment by Michael Vitton Canada Ne...
About this update from Western Copper And Gold Corporation
[{"type":"text","content":"\n\n\n\nWestern Copper and Gold Announces Strategic Investment by Michael Vitton\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Feb. 21, 2020\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES/\n VANCOUVER, Feb. 21, 2020 /CNW/ - Western Copper and Gold Corporation (\"Western\" or the \"Company\") (TSX: WRN; NYSE American: WRN) announces that strategic investor, Michael Vitton, has agreed to purchase 3,000,000 units (the \"Units\") at a price of $0.65 per Unit to raise gross proceeds of up to $1.95 million on a private placement basis (the \"Private Placement\").\n\n \n \n\n \nEach Unit will consist of one common share of the Company (a \"Share\") and half of one non-transferable warrant (each whole warrant, a \"Warrant\"). Each Warrant will entitle the holder to purchase one additional Share at a price of $0.85 for a period of 60 months from closing. \nWestern plans to close the Private Placement as soon as practicable subject to receipt of all necessary regulatory approvals, including the approval of the TSX.\nThe Company intends to use the proceeds from the Private Placement for development of the Casino Project and for general corporate purposes. \nThis news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable securities laws or an exemption from such registration is available. \nABOUT MICHAEL VITTON\nMr. Vitton is the former Executive Managing Director, Head, US Equity Sales, Bank of Montreal Capital Markets (BMO Capital Markets) where he originated and placed more than USD $200 billion through public and secondary offerings and M&A transactions.\nMr. Vitton, has acted as seed investor, lead/co-lead underwriter or ...