VANCOUVER, BC, Nov. 3, 2020 /CNW/ - Western Copper and Gold
Corporation ("Western" or the "Company") (TSX: WRN) (NYSE American:
WRN) announces that it has filed a final short form base shelf
prospectus in each of the provinces and territories of Canada, other than Québec (the "Shelf
Prospectus"), and a corresponding amendment to its 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.
The Shelf Prospectus and Registration Statement will allow
Western to make offerings of common shares, warrants, subscription
receipts and/or units up to an aggregate total of Cdn$50 million during the 25-month period that
the Shelf Prospectus remains effective. Such securities may be
offered in amounts, at prices and on terms to be determined based
on market conditions at the time of sale and set forth in one or
more shelf prospectus supplement(s) and, subject to applicable
regulations, may include at-the-market transactions, private
placements, public offerings or strategic investments. Information
regarding the use of proceeds from a sale of such securities will
be included in the applicable prospectus supplement.
If any securities are offered under the Prospectus or
Registration Statement, the terms of any such securities and the
intended use of the net proceeds resulting from such offering would
be established at the time of any offering and would be described
in a prospectus supplement filed with the applicable Canadian
securities regulatory authorities and the SEC at the time of such
an offering and would be made available by Western at the above
address.
Copies of the 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; copies of the
Registration Statement can be found on EDGAR at www.sec.gov;
and copies of such documents 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: 604.684.9497), or
to info@westerncopperandgold.com
If any securities are offered under the Shelf Prospectus or
Registration Statement, the terms of any such securities and the
intended use of the net proceeds resulting from such offering would
be established at the time of any offering and would be described
in a prospectus supplement filed with the applicable Canadian
securities regulatory authorities and the SEC at the time of such
an offering and would be made available by Western at the above
address.
Filing of Technical Report
In connection with the Shelf Prospectus filings, the Company has
filed an independent technical report titled "Western Copper and
Gold Corporation, Casino Project, Updated Mineral Resource
Statement, Form 43-101F1 Technical Report, Yukon, Canada" dated effective July 3, 2020 and issued on October 26, 2020, prepared by Daniel Roth, P.E.,
P.Eng., Michael Hester, FAusIMM,
Laurie Tahija, MMSA-QP; Carl Schulze, P. Geo. and Caroline Vallat, P. Geo. supporting the mineral
resource estimate on its flagship Casino Project.
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 resource estimates; capital expenditures;
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