Western Copper and Gold enters into $25M bought deal offering

Western Copper and Gold “announces that it has entered into an agreement with Eight Capital, on behalf of a syndicate of 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 at a price of $1.90 per Common Share for gross proceeds of $25,000,200. 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.”