Business
Western Copper and Gold Closes Private Placement and Announces CFO
Western Copper and Gold Closes Private Placement and Announces CFO Canada NewsWire...
About this update from Western Copper And Gold Corporation
[{"type":"text","content":"\n\n\n\nWestern Copper and Gold Closes Private Placement and Announces CFO\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\nCanada NewsWire\nVANCOUVER, Feb. 28, 2020\n\n\n\nVANCOUVER, Feb. 28, 2020 /CNW/ - Western Copper and Gold Corporation (\"Western\" or the \"Company\") (TSX: WRN; NYSE American: WRN) is pleased to report that it has completed the private placement previously announced on February 21, 2020 (the \"Private Placement\") wherein strategic investor, Michael Vitton, purchased 3,000,000 units (the \"Units\") at a price of $0.65 per Unit to raise gross proceeds of $1.95 million.The proceeds from the Private Placement will be used for development of the Casino Project and for general corporate purposes.\n\n \n \n\n \nEach Unit consists of one common share of the Company (a \"Share\") and half of one warrant (each whole warrant, a \"Warrant\"). Each Warrant entitles the holder to purchase one additional Share at a price of $0.85 until February 28, 2025.\nThe Shares, Warrants and any Shares issued upon exercise of the Warrants are subject to a hold period and may not be traded until June 29, 2020 except as permitted by applicable securities legislation and the rules and policies of the Toronto Stock Exchange.\nVARUN PRASAD APPOINTED CFO\nMr. Varun Prasad has been appointed to the position of Chief Financial Officer (\"CFO\") of Western, which appointment will become effective March 1, 2020. Mr. Prasad has worked on the Finance team for Western since 2011, previously as Corporate Controller and most recently as Interim CFO. Mr. Prasad has extensive experience in financial reporting and regulatory matters. He holds a B.A. Technology (Accounting) from British Columbia Institute of Technology and is a member of the Chartered Professional Accountants of B.C. Mr. Prasad will report to President & CEO, Paul West-Sells, and oversee the day to day financial operations of the Company.\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 ...