| Western Copper and Gold and Little Salmon/Carmacks First Nation Sign Settlement Agreement and Consultation Workplan on Casino Project | |
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VANCOUVER, BC--(Marketwired - June 03, 2014) - Western Copper and Gold Corporation ("Western" or the "Company") (WRN.TO) (NYSE MKT: WRN) announces that Western's wholly-owned subsidiary, Casino Mining Corp. ("CMC"), and Little Salmon/Carmacks First Nation ("LSCFN") have entered into a Settlement Agreement and Consultation Plan (the "Agreement") relating to the Casino Project. The Agreement includes a consultation plan in which the parties will work cooperatively to review, evaluate and discuss the Casino Project, and any measures that either party might propose in order to reduce or eliminate any potential negative impacts, and to promote and capture the potential positive impacts of the Casino Project that could benefit LSCFN members. As part of the Agreement, CMC has requested, and the Yukon Environmental and Socioeconomic Assessment Board ("YESAB") has agreed, that the review of the Casino Project be placed on hold for up to six (6) months to allow for additional consultation with LSCFN. Upon completion of the consultation program, LSCFN has agreed to withdraw its petition with the Yukon Supreme Court seeking a judicial review of YESAB's decision that consultation with LSCFN was adequate. Paul West-Sells, President of CMC, stated: "We are committed to continued consultation with Little Salmon/Carmacks First Nation. It is very important to us that concerns raised by them with respect to the YESAB process are addressed. I look forward to continuing to build a relationship based on cooperation and respect with the Little Salmon/Carmacks First Nation." "During the six month or less consultation period, we will also continue to address information requests made by YESAB during the first part of the adequacy phase." ABOUT WESTERN COPPER AND GOLD CORPORATION |
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Western Copper and Gold Corp.
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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$ 186.4 millions as of today (US$ 135.6 millions, € 127.4 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. |