| 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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EN DÉVELOPPEMENT |
CODE : WRN.TO |
ISIN : CA95805V1085 |
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Western Copper and Gold est une société développant des projet miniers de cuivre basée au Canada. Western Copper and Gold est en développement de projets de cuivre, d'argent, de molybdène et d'or au Canada, et détient divers projets d'exploration au Mexique. Ses principaux projets en développement sont CASINO et CARMACKS au Canada et ses principaux projets en exploration sont HUSHAMU (ISLAND COPPER) et REDSTONE - LUMINA au Canada et SIERRA ALMOLOYA au Mexique. Western Copper and Gold est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 194,9 millions CA$ (142,6 millions US$, 133,2 millions €). La valeur de son action a atteint son plus bas niveau récent le 06 mars 2009 à 0,24 CA$, et son plus haut niveau récent le 21 janvier 2011 à 4,40 CA$. Western Copper and Gold possède 95 090 000 actions en circulation. |