Western Copper and Gold Raises C$50M in Bought Deal Financing for Casino Project
Western Copper and Gold will issue 12,048,400 shares at C$4.15 in a bought deal, raising C$50M gross, with an over-allotment option for 1.8M shares to secure up to C$57.5M. Net proceeds will advance Casino Project permitting and engineering and support general corporate needs.
1. Bought Deal Financing Details
Western Copper and Gold has entered an agreement with Stifel Canada and a syndicate of underwriters to sell 12,048,400 common shares at C$4.15 per share, raising approximately C$50,000,860 gross. The underwriters hold a 30-day option to purchase up to 1,807,260 additional shares, potentially increasing proceeds to C$57,500,989.
2. Use of Proceeds
The company plans to allocate net proceeds to advance permitting and engineering work at its Casino Project in the Yukon, and to bolster general corporate and working capital requirements.
3. Closing Timeline and Conditions
The offering is scheduled to close on or about February 26, 2026, subject to receipt of approvals from the Toronto Stock Exchange, NYSE American and relevant securities regulatory authorities and the effectiveness of the prospectus and registration statement.