Friday, February 10, 2017

Western Copper and Gold Corporation - WRN.t

Western Copper and Gold Corporation - WRN.t holds gold, copper and molybdenum resources and reserves in its Casino Project located in the Yukon. Casino contains 8.9 million ounces of gold, 4.5 billion pounds of copper, 483 million pounds of molybdenum and 65 million ounces of silver in proven & probable reserves.

On November 9th, 2016 the company released News

Western Copper and Gold Corp. (TSX: WRN, NYSE MKT:WRN) (“Western” or the “Company”) is pleased to announce that it has completed the transactions contemplated under the Purchase Agreement with Cariboo Rose Resources Ltd. (TSX-V: CRB) (“Cariboo Rose”) previously announced on November 3, 2016.

Pursuant to the Purchase Agreement, Cariboo Rose exercised its right to buy the 55 mineral claims known as the Casino “B” claims, and then Western issued 500,000 common shares of Western to Cariboo Rose in exchange for nine (9) of the Casino “B” claims and a right of first refusal on the remaining 46 Casino “B” claims. The 500,000 common shares issued to Cariboo Rose are subject to a hold period and as such may not be traded until March 10, 2017.