AI Analysis
AI-generated analysis. Always verify with the original filing.
Western Copper and Gold Corporation entered into an amended bought deal underwriting agreement to issue 19,277,500 common shares at C$4.15 per share for gross proceeds of C$80,001,625, with an over-allotment option for up to 2,891,625 additional shares. Net proceeds will advance permitting and engineering at the Casino Project and general corporate purposes.
Key Takeaways
1Entered amended agreement on February 12, 2026 with Stifel Canada and syndicate underwriters
2Initial agreement on February 11, 2026 for 12,048,400 shares upsized to 19,277,500 shares
3Gross proceeds C$80,001,625 at C$4.15 per common share
4Over-allotment option for 2,891,625 additional shares; full exercise yields C$92,001,869
5Expected closing on or about February 26, 2026 subject to TSX and NYSE American approvals
6Proceeds for Casino Project permitting/engineering and working capital