Western Copper and Gold Announces Completion of Bought Deal Public Offering of $92 Million
Western Copper and Gold Announces
Completion of Bought Deal Public Offering of
$92 Million
Vancouver, British Columbia--(Newsfile Corp. - February 26, 2026) - Western Copper and Gold
Corporation (TSX: WRN) (NYSE American: WRN) (the "
Company
") is pleased to announce that it has
completed its previously announced bought deal public offering (the "
Offering
") of 22,169,125 common
shares of the Company (the "
Common Shares
") at a price of $4.15 per Common Share for gross
proceeds of $92,001,868.75, including the full exercise of the over-allotment option.
The Offering was completed pursuant to an underwriting agreement dated February 12, 2026 entered
into between the Company and a syndicate of underwriters led by Stifel Canada, and including ATB
Capital Markets Corp., National Bank Financial Inc., Agentis Capital Markets, BMO Capital Markets,
Canaccord Genuity Corp., CIBC World Markets Inc. and H.C. Wainwright & Co., LLC (the
"
Underwriters
"). In connection with the Offering, the Company paid the Underwriters a cash
commission equal to 5.0% of the gross proceeds, other than on sales of an aggregate of 1,098,500
Common Shares to purchasers on a president's list.
The net proceeds from the sale of the Common Shares are expected to be used to advance permitting
and engineering activity at the Company's Casino Project in the Yukon and for general corporate and
working capital purposes.
The Offering was completed by way of a short form prospectus (the "
Prospectus
") filed in all of the
provinces of Canada, except Québec, and in the United States pursuant to a prospectus filed as part of
a registration statement on Form F-10 (the "
Registration Statement
") under the Canada/U.S. multi-
jurisdictional disclosure system. This news release shall not constitute an offer to sell or the solicitation of
an offer to buy nor shall there be any sale of the Common Shares in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that
jurisdiction. The Prospectus is available on SEDAR+ at
www.sedarplus.ca
. The Registration Statement
is available on EDGAR at
www.sec.gov
.
Certain directors and officers of the Company (the "
Insiders
") participated in the Offering. The Insiders'
participation in the Offering constitutes a "related party transaction" as defined in Multilateral Instrument
61-101 –
Protection of Minority Security Holders in Special Transactions
("
61-101
"). The Company is
relying on the exemptions from the formal valuation and minority shareholder approval requirements
contained in sections 5.5(a) and 5.7(1)(a) of 61-101 in respect of the Offering as neither the fair market
value of the securities issued to the Insiders nor the consideration paid by the Insiders for such securities
exceed 25% of the Company's market capitalization. The Company will file a material change report in
respect of the Offering. However, the Company did not file a material change report 21 days prior to
closing of the Offering as the participation of insiders of the Company in the Offering had not been
confirmed at that time.
About Western Copper and Gold Corporation
Western Copper and Gold Corporation is advancing the Casino Project, Canada's premier copper-gold
mine in the Yukon and one of the most economic greenfield copper-gold mining projects in the world.
The Company is committed to working collaboratively with First Nations and local communities to
progress the Casino Project, using internationally recognized responsible mining technologies and
practices.
On behalf of the board,
"Sandeep Singh"
Sandeep Singh
Chief Executive Officer
Western Copper and Gold Corporation
For more information, please contact:
Cameron Magee
Director, Investor Relations & Corporate Development
Western Copper and Gold Corporation
437-219-5576 or
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain forward-looking statements concerning the use of proceeds from
the Offering. 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 other U.S. securities
law 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.
The material factors or assumptions used to develop forward-looking statements include, but are not
limited to, that market or 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 the Company 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; uncertainties related to raising sufficient capital in a timely manner and on
acceptable terms; and other risks and uncertainties disclosed in the Company's AIF and Form 40-F,
including those under the heading "Risk Factors" and other information released by the Company
and filed with the applicable regulatory agencies.
The Company's forward-looking statements are based on the beliefs, expectations and opinions of
management on the date the statements are made, and
the Company 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/285461