Business
Western Copper Announces Shareholder And Court Approval Of Arrangement
VANCOUVER, Oct. 5, 2011 /CNW/ - Western Copper Corporation ("Western Copper" or "Existing WRN...
About this update from Western Copper And Gold Corporation
[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, Oct. 5, 2011 /CNW/ - Western Copper Corporation (\"Western\n Copper\" or \"Existing WRN\") (TSX: WRN) (NYSE: WRN) is pleased to\n announce that the Supreme Court of British Columbia has granted the\n final order approving the previously announced plan of arrangement\n under the Business Corporations Act (British Columbia) under which Western Copper will spin-out its\n Carmacks project in the Yukon Territory and its Redstone project in the\n Northwest Territories indirectly to Copper North Mining Corp. (\"Copper\n North\"), spin-out its Island Copper project in British Columbia\n indirectly to NorthIsle Copper and Gold Inc. (\"NorthIsle\"), and rename\n Western Copper Corporation as Western Copper and Gold Corporation (\"New\n WRN\"). The plan of arrangement is expected to complete after the close\n of markets on Monday, October 17, 2011 (the \"Effective Time\").\n\n\nWestern Copper anticipates that common shares of New WRN (\"New WRN\n Shares\") will commence trading on the Toronto Stock Exchange a few days\n after October 17, 2011.  Advance notice of the commencement of such\n trading will be provided by press release.\n\n\nApplication has also been made to list the common shares of Copper North\n (\"Copper North Shares\") and the common shares of NorthIsle (\"NorthIsle\n Shares\") on the TSX Venture Exchange.  Such listings are subject to\n compliance with all of the TSX Venture Exchange requirements, including\n receipt by the TSX Venture Exchange of all required documentation.\n\n\nEntitlement to spin-out shares\n\n\n\n\n\na)     \n\n \n \n \n\nFor Shareholders trading on the Toronto Stock Exchange (\"TSX\")\n\n \n \n \n \n\nNew WRN Shares will not trade on the TSX until a few days after the\n Effective Time on October 17, 2011.\n\n \n \n \n \n\nCommon shares of Western Copper will continue to trade on the TSX as\n Existing WRN Shares with an entitlement to New WRN Shares, Copper North\n Shares and NorthIsle Shares until New WRN Shares begin trading on the\n TSX, despite the fact that the Effective Time for the implementation of\n the plan of arrangement will have occurred on Monday, October 17, 2011.\n\n \n \n \n \n\nIn order to receive New WRN Shares, Copper North Shares and NorthIsle\n Share...