The Prospector News

Western Copper and Gold Closes $8.0 Million Private Placement of Flow-Through Shares

You have opened a direct link to the current edition PDF

Open PDF Close

Share this news article

Western Copper and Gold Closes $8.0 Million Private Placement of Flow-Through Shares






Western Copper and Gold Corporation (TSX: WRN) (NYSE American: WRN) is pleased to announce that it has completed the brokered private placement previously announced on July 6, 2021 of common shares of the Company that qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) RBC Capital Markets and Cormark Securities Inc., as lead agents, together with H.C. Wainwright & Co. LLC and Roth Capital Partners, acted as agents in connection with the Offering.


The Company issued an aggregate of 2,670,000 FT Shares at a price of $3.00 per FT Share for aggregate gross proceeds of $8,010,000.


In connection with the Offering, the Agents were paid a cash fee equal to 6% of the aggregate gross proceeds from the sale of the FT Shares.


The gross proceeds from the sale of the FT Shares will be used to incur expenditures which qualify as “Canadian exploration expenses” and “flow-through mining expenditures” as those terms are defined in the Income Tax Act (Canada) related to the Company’s Casino Project in the Yukon Territory. The Company will renounce the Qualifying Expenditures to subscribers with an effective date of no later than December 31, 2021.


The FT Shares are subject to a statutory hold period expiring on November 30, 2021 in accordance with applicable securities legislation.


This 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 be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable securities laws or an exemption from such registration is available.




Western Copper and Gold Corporation is developing the Casino Project, expected to become Canada’s premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.


Posted July 29, 2021

Share this news article


Agnico Eagle and Kirkland Lake Gold Announce Merger of Equals to Create Highest-Quality Senior Gold Producer

Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) and Kirkland L... READ MORE

September 28, 2021

Sokoman Expands 75 Zone and Releases Additional Results from Eastern Trend, Moosehead Gold Project, Central Newfoundland

New Structure Intersected 300 m East of Eastern Trend;  Barge-Ba... READ MORE

September 28, 2021

Benchmark Warrants Fully Exercised As 100,000 Metre Drill Program Will Lead to Resource Expansion and Preliminary Economic Assessment

Benchmark Metals Inc. (TSX-V: BNCH) (OTCQX: BNCHF) (WKN: A2JM2X) ... READ MORE

September 28, 2021

Pure Gold Mining Inc. Closes Bought Deal Offering for Gross Proceeds of C$23 Million

Pure Gold Mining Inc. (TSX-V:PGM) (LSE:PUR) is pleased to announc... READ MORE

September 28, 2021

FenixOro Drills 23.2 g/t Gold in Newly Discovered Cascada Vein, Significantly Increases Resource Potential on Northwest Corridor at Abriaqui Gold Deposit

FenixOro Gold Corp (CSE:FENX) (OTCQB:FDVXF) (Frankfurt:8FD) is p... READ MORE

September 28, 2021

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2021 The Prospector News