Western Copper and Gold Announces Completion of Bought Deal Public Offering of $92 Million

Core Viewpoint - Western Copper and Gold Corporation has successfully completed a bought deal public offering, raising gross proceeds of approximately $92 million through the sale of 22,169,125 common shares at a price of $4.15 per share [1][2]. Group 1: Offering Details - The offering was conducted under an underwriting agreement with a syndicate led by Stifel Canada, which included several other financial institutions [2]. - A cash commission of 5.0% of the gross proceeds was paid to the underwriters, except for sales to certain purchasers on a president's list [2]. - The offering was completed via a short form prospectus filed in all Canadian provinces except Québec and in the United States [4]. Group 2: Use of Proceeds - The net proceeds from the offering are intended to advance permitting and engineering activities at the Casino Project in Yukon, as well as for general corporate and working capital purposes [3]. Group 3: Insider Participation - Certain directors and officers of the company participated in the offering, which is classified as a "related party transaction" under Multilateral Instrument 61-101 [5]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements due to the participation of insiders not exceeding 25% of the company's market capitalization [5]. Group 4: Company Overview - Western Copper and Gold Corporation is focused on advancing the Casino Project, recognized as Canada's premier copper-gold mine and one of the most economically viable greenfield mining projects globally [6]. - The company emphasizes collaboration with First Nations and local communities, adhering to responsible mining practices [6].