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Stock impact report

Western Copper and Gold Announces $25 Million Bought Deal Public Offering [Financial Post (Toronto, Ontario, Canada)]

Western Copper and Gold Corporation (WRN) 
NASDAQ:AMEX Investor Relations: westerncopperandgold.com
Company Research Source: Financial Post
VANCOUVER, British Columbia, April 15, 2024 (GLOBE NEWSWIRE) — Western Copper and Gold Corporation (“Western” or the “Company”) (TSX: WRN; NYSE American: WRN) announces that it has entered into an agreement with Eight Capital, on behalf of a syndicate of underwriters (the “Underwriters”) under which the Underwriters have agreed to buy from the Company, on a bought deal basis, 13,158,000 common shares of the Company (the “Common Shares”) at a price of $1.90 per Common Share for gross proceeds of $25,000,200 (the “Offering”). The Company has granted the Underwriters an over-allotment option to purchase up to an additional 1,973,700 Common Shares, representing 15% of the Offering, to cover over-allotments, if any, and for market stabilization purposes, exercisable at any time up to 30 days after the closing of the Offering. Article content The net proceeds from the sale of the Common Shares are expected to be used to advance permitting and engineering activity at the Company's Casin Show less Read more
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