AI Analysis
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Western Copper and Gold Corporation entered into an amended bought deal agreement with Stifel Nicolaus Canada Inc., on behalf of underwriters, to issue 19,277,500 common shares at $4.15 per share for gross proceeds of $80,001,625, up from an initial 12,048,400 shares for $50,000,860. Net proceeds will advance permitting and engineering at the Casino Project in the Yukon and general corporate purposes.
Key Takeaways
1Entered amended bought deal on February 12, 2026 for 19,277,500 common shares at $4.15/share
2Gross proceeds of $80,001,625 from base offering
3Over-allotment option for additional 2,891,625 shares worth C$12,000,243.75
4Initial agreement on February 11, 2026 for 12,048,400 shares at $4.15/share for $50,000,860
5Expected closing on or about February 26, 2026 subject to regulatory approvals including TSX and NYSE American
6Underwritten by Stifel Canada on behalf of syndicate