Western Copper and Gold Files Preliminary Base Shelf Prospectus and Registration Statement
Western Copper and Gold Files Preliminary
Base Shelf Prospectus and Registration
Statement
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: 15
th
Floor, 1040 West Georgia
Street,
Vancouver, British Columbia
V6E 4H1,
Canada
(TEL: 1-888-966-9995), or to
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 statem
ents.
SOURCE
Western Copper and Gold Corporation
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For further information:
Chris Donaldson, Director, Corporate Development, 604.638.2520 or
CO: Western Copper and Gold Corporation
CNW 07:59e 07-AUG-20