VANCOUVER, BC, Aug. 7, 2020 /CNW/ - Western Copper and Gold
Corporation ("Western" or the "Company") (TSX: WRN) (NYSE American:
WRN) announces that it has filed a preliminary short form base
shelf prospectus (the "Preliminary Shelf Prospectus") with the
securities commissions in each of the provinces of Canada (other than Québec), and a
corresponding registration statement on Form F-10 (the
"Registration Statement") with the United States Securities and
Exchange Commission (the "SEC") under the U.S./Canada
Multijurisdictional Disclosure System.
Western has filed this Preliminary Shelf Prospectus and the
Registration Statement to provide the Company with greater
financial flexibility going forward but has not entered into any
agreements or arrangements to authorize or offer any Securities (as
defined below) at this time.
When made final or effective, the Preliminary Shelf Prospectus
and corresponding Registration Statement will allow Western to
undertake offerings of common shares, warrants, subscription
receipts and units (collectively, the "Securities"), or any
combination thereof, up to an aggregate total of CAD$50,000,000 from time to time during the
25-month period that the final short form base shelf prospectus
remains effective. The Securities may be offered in amounts, at
prices and on terms to be determined at the time of sale and,
subject to applicable regulations, may include "at-the-market"
transactions, public offerings or strategic investments. The
specific terms of any offering of Securities, including the use of
proceeds from any offering, will be set forth in one or more shelf
prospectus supplement(s) to be filed with applicable securities
regulators.
A copy of the Preliminary Shelf Prospectus, and copies of the
final short form base shelf prospectus and any shelf prospectus
supplements that may be filed in the future, can be found under the
Company's SEDAR profile at www.sedar.com and on EDGAR
at www.sec.gov, or may be obtained by request to the Corporate
Secretary of Western Copper and Gold: 15th Floor, 1040
West Georgia Street, Vancouver, British
Columbia V6E 4H1, Canada
(TEL: 1-888-966-9995), or to info@westerncopperandgold.com
No securities regulatory authority has either approved or
disapproved the contents of this news release. The Registration
Statement filed with the SEC has not yet become effective. No
Securities may be sold, nor may offers to buy be accepted, prior to
the time the Preliminary Shelf Prospectus and Registration
Statement become effective. This news release does not constitute
an offer to sell or a solicitation of an offer to buy any
securities of the Company in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
ABOUT WESTERN COPPER AND GOLD CORPORATION
Western Copper and Gold Corporation is developing the Casino
Project, Canada's premier
copper-gold mine in the Yukon
Territory and one of the most economic greenfield
copper-gold mining projects in the world. For more
information, visit www.westerncopperandgold.com.
On behalf of the board,
"Paul West-Sells"
Dr. Paul West-Sells
President and CEO
Western Copper and Gold Corporation
Cautionary Disclaimer Regarding Forward-Looking Statements
and Information
This news release contains certain forward-looking statements
concerning anticipated developments in Western's operations in
future periods. Statements that are not historical fact are
"forward-looking statements" as that term is defined in
the United States Private
Securities Litigation Reform Act of 1995 and "forward looking
information" as that term is defined in National Instrument 51-102
("NI 51-102") of the Canadian Securities Administrators
(collectively, "forward-looking statements"). Forward-looking
statements are frequently, but not always, identified by words such
as "expects", "anticipates", "believes", "intends", "estimates",
"potential", "possible" and similar expressions, or statements that
events, conditions or results "will", "may", "could" or "should"
occur or be achieved. These forward-looking statements may include,
but are not limited to, statements regarding perceived merit of
properties; mineral reserve and resource estimates; capital
expenditures; feasibility study results (including projected
economic returns, operating costs, and capital costs in connection
with the Casino Project); exploration results at the Company's
property; budgets; permitting or other timelines; economic benefits
from the mine and/or the access road; strategic plans; market price
of precious and base metals; or other statements that are not
statement of fact. In making the forward-looking statements herein,
the Company has applied certain material assumptions including, but
not limited to, the assumptions that the circumstances surrounding
the COVID-19 pandemic, although evolving, will stabilize or at
least not worsen; that the extent to which COVID-19 may impact the
Company, including without limitation disruptions to the mobility
of Company personnel, increased labour and transportation costs,
and other related impacts, will not change in a materially adverse
manner; that all regulatory approvals required to complete the
Company's planned exploration and development activities will be
received in a timely manner and on acceptable terms; that the
Company is able to procure personnel, equipment and supplies
required for its exploration and development activities in
sufficient quantities and on a timely basis; and that general
business conditions will not change in a materially adverse
manner.
Forward-looking statements are statements about the future
and are inherently uncertain, and actual results, performance or
achievements of Western and its subsidiaries may differ materially
from any future results, performance or achievements expressed or
implied by the forward-looking statements due to a variety of
risks, uncertainties and other factors. Such risks and other
factors include, among others, risks involved in fluctuations in
gold, copper and other commodity prices and currency exchange
rates; COVID-19 risks to employee health and safety and a slowdown
or temporary suspension of operations in geographic locations
impacted by an outbreak; uncertainties related to raising
sufficient financing in a timely manner and on acceptable terms;
and other risks and uncertainties disclosed in Western's AIF and
Form 40-F, and other information released by Western and filed with
the applicable regulatory agencies.
Western's forward-looking statements are based on the
beliefs, expectations and opinions of management on the date the
statements are made, and Western does not assume, and expressly
disclaims, any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise, except as otherwise required by
applicable securities legislation. For the reasons set forth above,
investors should not place undue reliance on forward-looking
statements.
SOURCE Western Copper and Gold Corporation