On November 24, 2020, Western Copper and Gold Corporation (TSX:WRN; NYSE American: WRN) (“Western”) announced the completion of its offering of common shares, with a syndicate of underwriters led by Cormark Securities Inc. as sole bookrunner, and including CIBC World Markets Inc., H.C. Wainwright & Co., LLC and Roth Capital Partners, LLC (collectively, the “Underwriters”). With the Underwriters having exercised in full the over-allotment option, the Company issued a total of 19,828,300 Common Shares at a price of $1.45 per Common Share for aggregate gross proceeds of approximately $28.75 million.
Western Copper and Gold Corporation is developing the Casino Project, Canada’s premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.
Miller Thomson advised Western with a team led by Lucy Schilling and comprising of Peter McArthur, Gosia Piasecka and Monika Satani (Capital Markets & Securities) and Catherine Brayley and Lesley Kim (Tax).
