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Western Copper and Gold Corp.

Published : November 27th, 2009

Flow-through Financing

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News Release 10- November 27, 2009                                                                                                        

 

WESTERN COPPER ANNOUNCES FLOW-THROUGH FINANCING

 

VANCOUVER, B.C. Western Copper Corporation (?Western Copper? or the ?Company?) (TSX:WRN) is pleased to announce that it has appointed Casimir Capital L.P. to act as its agent (the ?Agent?) in connection with a private placement for up to 2,150,000 units of the Company at C$2.50 per unit for gross proceeds of up to C$5,375,000 (the ?Offering?). Kingsdale Capital Markets Inc. and D & D Securities Company will also be participating in the Offering as part of the selling group.

 

Each unit consists of one flow-through common share of the Company and one common share purchase warrant. Each whole warrant will be exercisable for one non flow-through common share of the Company at a price of C$2.60 per common share and will expire three years following closing. If, commencing on the date that is four months plus one day following the closing of the Offering, the weighted average trading price of the Company?s common shares on the TSX is at a price equal to or greater than C$5.00 for twenty consecutive trading days, the Company will have the right to accelerate the expiry date of warrants by giving thirty days written notice to the holder.

 

The Agent will receive a cash commission equal to 6% of the gross proceeds raised and warrants (?Agent?s Warrants?) equal to 4% of the units sold by the Agent. Each Agent?s Warrant will be exercisable for one non flow-through common share of the Company at a price of C$2.50 per common share and will expire two years following closing. If the weighted average trading price of the Company?s common shares on the TSX is at a price equal to or greater than C$4.00 for fifteen consecutive trading days, the Company will have the right to accelerate the expiry date of the Agent?s Warrants by giving thirty days written notice to the Agent.

 

The gross proceeds will be used to incur qualifying Canadian Exploration Expenses, primarily at the Company?s world class Casino project, located in the Yukon.

 

The Offering is expected to close on or before December 4, 2009 and it is subject to certain conditions including, but not limited to, the receipt of all the necessary regulatory approvals including the approval of the TSX.

 

In accordance with securities legislation currently in effect, the flow through shares, warrants, any common shares issued on exercise of the warrants, and Agent's Warrants will be subject to a hold period of four month plus one day extending from the closing date of the transaction.

 

This news release does not constitute an offer to sell or solicitation of an offer to sell any of the securities in the United States. The securities described herein have not been and may never be registered under the United States Securities Act of 1993, as amended (the ?U.S. Securities Act?) or any state securities laws and may not be offered or sold in the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable securities law or unless an exemption from registration is available.

 

ABOUT WESTERN COPPER CORPORATION

Western Copper is a Vancouver based exploration and development company with significant gold, copper and molybdenum resources and reserves. The Company has 100% ownership of four Canadian properties. The two most advanced projects are the Carmacks Copper Project and the Casino Project both located in the Yukon Territory. The Casino Project is one of the world's largest open-pittable copper deposits. For more information, visit www.westerncoppercorp.com

 

On behalf of the board,

 

?Dale Corman?

F. Dale Corman

President & CEO

 

 

For more information please contact Paul West-Sells, EVP Corporate Development or Chiara Orrigoni, Investor Relations at 604.684.9497 or email info@westerncoppercorp.com

 

The TSX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

 

This press release includes certain "Forward-Looking Statements" within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization and reserves, financing plans, exploration results and future plans and objectives of Western Copper are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

 

 

 

 

Western Copper and Gold Corp.

DEVELOPMENT STAGE
CODE : WRN.TO
ISIN : CA95805V1085
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Western Copper and Gold is a copper development stage company based in Canada.

Western Copper and Gold develops copper, gold, molybdenum and silver in Canada, and holds various exploration projects in Mexico.

Its main assets in development are CASINO and CARMACKS in Canada and its main exploration properties are HUSHAMU (ISLAND COPPER) and REDSTONE - LUMINA in Canada and SIERRA ALMOLOYA in Mexico.

Western Copper and Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 191.1 millions as of today (US$ 152.8 millions, € 133.9 millions).

Its stock quote reached its lowest recent point on March 06, 2009 at CA$ 0.24, and its highest recent level on January 21, 2011 at CA$ 4.40.

Western Copper and Gold has 95 090 000 shares outstanding.

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Annual reports of Western Copper and Gold Corp.
2008 Annual report
Financings of Western Copper and Gold Corp.
12/12/2012and Gold's warrants to expire
10/5/2012and Gold Closes Private Placement of Flow-through Common ...
11/27/2009 Flow-through Financing
7/13/2009Closes C$4 Million Flow-Through Financing And Commences Expl...
Nominations of Western Copper and Gold Corp.
11/25/2008 APPOINTS NEW EXECUTIVE VICE PRESIDENT
Financials of Western Copper and Gold Corp.
3/25/2013and Gold Reports 2012 Financial Results
Project news of Western Copper and Gold Corp.
5/17/2011(Casino)Files Casino Pre-Feasibility Study Technical Report
4/7/2011(Casino)Announces Updated Pre-Feasibility Study on Casino Project
3/29/2011(Carmacks)Provides Update on Carmacks
2/25/2011(Carmacks)Comments on Carmacks Water License Appeal Rulin
5/13/2010(Carmacks)Provides Detail on Carmacks Water Use Licence
5/11/2010(Carmacks)Carmacks Project Water Use Licence Decision
2/20/2009(Carmacks)Update on Carmacks Copper Project
5/20/2008The Carmacks Copper Project advances in the permitting proce...
2/29/2008(Carmacks)Yesab responds to public comments on the Carmacks Copper Pro...
5/22/2007(Carmacks)2007 Technical report
Corporate news of Western Copper and Gold Corp.
6/23/2016WESTERN COPPER AND GOLD PROVIDES CASINO UPDATE AND ANNOUNCES...
3/28/2016Western Copper and Gold Provides Casino Update and Reports Y...
4/15/2015Western Copper and Gold to Attend the European Gold Forum in...
3/30/2015Western Copper and Gold Provides Casino Update and Reports Y...
3/30/2015(Casino)and Gold Provides Casino Update and Reports Year-End Results
2/26/2015Yukon Ranks 1st in Mineral Potential and 9th Overall in the ...
11/28/2014Western Copper And Gold Announces Restart Of Environmental R...
10/22/2014Western Copper and Gold Announces Changes to Board of Direct...
9/9/2014Western Copper and Gold Announces Operating Strategy for Cas...
8/25/2014Western Copper and Gold Selects M3 as EPCM Contractor and Pr...
6/25/2014Western Copper and Gold Announces AGM Results
6/3/2014Western Copper and Gold and Little Salmon/Carmacks First Nat...
5/15/2014Siemens and Western Copper & Gold Corp. Sign MoU for Electri...
3/24/2014Western Copper And Gold Files Year-End Financial Reports
9/17/2013(Casino)and Gold Provides Update on Casino
6/21/2013and Gold Announces AGM Results
6/14/2013and Gold's Annual General Meeting
4/25/2013and Gold Adopts Shareholder Rights Plan and Advance Notice P...
4/8/2013(Casino)and Gold's Casino Project to Have Significant Impact on Yuko...
2/13/2013and Gold files feasibility study
10/3/2011shareholders approve spin-out of Copper North Mining Corp. a...
8/19/2011Enters Into Arrangement Agreement to Spin Out Assets to Shar...
8/11/2011to Ring the Opening Bell at the New York Stock Exchange
6/23/2011Announces Intention to Spin Out Assets to Shareholders
2/8/2011to Trade on the NYSE Amex
3/27/2010New Director and Change to Management Team
9/22/2009Board of Directors Changes
7/21/2008YESAB Recommends That the Carmacks Copper Project Proceeds
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TORONTO (WRN.TO)NYSE (WRN)
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