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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Wed., Nov. 25, 11:03 AM

Slide #3. Western Copper and Gold Corporation Secondary Offering

Company: Western Copper and Gold Corporation (AMEX:WRN)
Date announced: 11/19/2020
Shares Offered: 17,242,000
Date of Pricing: 11/19/2020
Price Per Share: $1.45
Secondary Offering Details: Western Copper and Gold Corporation ("Western" or the "Company) (TSX: WRN) (NYSE American: WRN) is pleased to announce that in connection with its previously announced over-night marketed offering of common shares of the Company (the "Common Shares"), the Company and a syndicate of underwriters (the "Underwriters") have agreed to increase the size of the previously announced financing. Pursuant to the amended terms, the Company has agreed to sell 17,242,000 Common Shares at a price of $1.45 per Common Share (the "Offering Price") for gross proceeds of approximately $25.0 million (the "Offering"). The Company has granted the Underwriters an option (the "Over-Allotment Option"), exercisable in whole or in part, at the sole discretion of the Underwriters, for a period of 30 days from and including the closing of the Offering, to purchase up to an additional 2,586,300 Common Shares at the Offering Price. If the Over-Allotment Option is exercised in full, the total gross proceeds to the Company would be approximately $28.8 million.

Western Copper and Gold is an exploration stage company that is engaged in exploration and development of the Casino mineral property located in Yukon, Canada. The Casino property is host to one of the undeveloped porphyry deposits in Canada containing large amounts of gold, copper, and molybdenum in its one billion tonnes of reserves.
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Company Name:  Western Copper & Gold Corp.
Sector:  Precious Metals

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November 25, 2020    11:03 AM Eastern
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