Business
Western Copper and Gold Completes Sale of Royalty
VANCOUVER, Dec. 21, 2012 /CNW/ - Western Copper and Gold Corporation ("Western" or the "Com...
About this update from Western Copper And Gold Corporation
[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, Dec. 21, 2012 /CNW/ - Western Copper and Gold Corporation\n (\"Western\" or the \"Company\") (TSX:WRN; NYSE MKT:WRN) and its wholly\n owned subsidiary, Casino Mining Corporation, are pleased to announce\n that, further to its news release dated December 20, 2012, it has met\n all of the escrow conditions related to the royalty sale agreement with\n 8248567 Canada Limited, (the \"Purchaser\") whereby the Purchaser agrees\n to cancel its 5% net profits interest royalty in the Casino Project and\n pay US$32 million in exchange for a 2.75% net smelter returns royalty\n in the Casino Project.\n\n\nThe sale is now closed and the net proceeds from the sale have been\n received by the Company.\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-pit 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\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 not constitute\n historical fact.  Forward-looking statements and information tend to\n include words such as \"may,\" \"expects,\" \"anticipates,\" \"believes,\"\n \"targets,\" \"forecasts,\" \"schedules,\" \"goals,\" \"budgets,\" or similar\n terminology.  Forward-looking statements and information herein\n include, but are not limited to, statements with respect to the\n completion of the Transaction; completion of permitting and detailed\n engineering; and resource and reserve estimates.  All forwar...