Business
Western Copper and Gold Closes Private Placement of Flow-through Common Shares
VANCOUVER, Oct. 5, 2012 /CNW/ - Western Copper and Gold Corporation ("Western" or the "Comp...
About this update from Western Copper And Gold Corporation
[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, Oct. 5, 2012 /CNW/ - Western Copper and Gold Corporation\n (\"Western\" or the \"Company\") (TSX:WRN) (NYSE MKT: WRN) is pleased to\n announce that it has closed the non-brokered private placement for\n 500,000 flow-through common shares announced on September 25, 2012\n involving certain insiders of the Company at a price of $0.80 per share\n for gross proceeds of $400,000.\n\n\nThe private placement closed on October 4, 2012. Insiders of the Company\n purchased 480,000 shares of the private placement. In accordance with\n securities legislation currently in effect, the shares are subject to a\n hold period expiring on February 5, 2013.\n\n\nThe gross proceeds from this private placement, which is subject to\n final acceptance by the TSX, will be used to incur qualifying Canadian\n Exploration Expenses.\n\n\nThe Company did not file a material change report more than 21 days\n before the expected closing of the private placement as the details of\n the private placement and the participation therein by related parties\n of the Company were not settled until shortly prior to closing and the\n Company wished to close the private placement on an expedited basis for\n sound business reasons.\n\n\nABOUT WESTERN COPPER AND GOLD CORPORATION\n\n\nWestern Copper and Gold Corporation is a Vancouver-based exploration and\n development company with significant copper, gold and molybdenum\n resources and reserves.  The Company has 100% ownership of the Casino\n Project located in the Yukon Territory. The Casino Project is one of\n the world's largest open-pittable gold, copper, silver and molybdenum\n deposits. For more information, visit www.westerncopperandgold.com.\n\n\nOn behalf of the board,\n\n\n\"Dale Corman\"\nF. Dale Corman\nChairman & CEO\n\n\n\n\n\nCautionary Disclaimer Regarding Forward-Looking Statements and\n Information\n\n\nCertain of the statements and information in this press release\n constitute \"forward-looking statements\" within the meaning of the\n United States Private Securities Litigation Reform Act of 1995 and\n \"forward-looking information\" within the meaning of applicable Canadian\n securities laws.  Forward-looking statements and information generally\n express predictions, expectations, beliefs, plans, projections, or\n assumptions of future events or performance and do...