Western Copper and Gold Files Prospectus for C$80M Bought Deal, C$12M Option
Western Copper and Gold filed a February 20 short form prospectus for a bought deal offering of shares at C$4.15 to raise C$80 million. Underwriters have a 30-day over-allotment option for 2.89 million shares to add C$12 million, bringing potential gross proceeds to C$92 million ahead of February 26 close.
1. Offering Filing
On February 20, 2026, Western Copper and Gold filed a final short form prospectus for a bought deal offering of common shares at C$4.15 per share to raise approximately C$80 million in gross proceeds.
2. Over-Allotment Option
Underwriters led by Stifel Canada have a 30-day over-allotment option to purchase up to 2,891,625 additional shares, which would add C$12,000,243.75 to the offering and bring total potential gross proceeds to about C$92 million.
3. Closing and Approvals
The offering is scheduled to close on or about February 26, 2026, subject to receipt of necessary approvals from the Toronto Stock Exchange, NYSE American and applicable Canadian securities regulatory authorities.
4. Strategic Implications
The financing is intended to support advancement of the Casino Project in the Yukon, providing critical capital for exploration and development of one of Canada’s premier greenfield copper-gold mining projects.