By Devika Patel
Knoxville, Tenn., Nov. 30 - Western Copper Corp. said it will raise C$5.38 million in a private placement of units.
The company will sell 2.15 million units at C$2.50 apiece.
Each unit consists of one flow-through common share and one warrant. Each warrant is exercisable at C$2.60 for three years.
Casimir Capital LP is the agent. Kingsdale Capital Markets Inc. and D&D Securities Co. will also participate in the offering as part of the selling group.
Settlement is expected Dec. 4.
Proceeds will be used for exploration.
Western Copper is a Vancouver, B.C.-based copper exploration company.
| Issuer: | Western Copper Corp.
|
| Issue: | Units of one flow-through common share and one warrant
|
| Amount: | C$5,375,000
|
| Units: | 2.15 million
|
| Price: | C$2.50
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | C$2.60
|
| Agents: | Casimir Capital LP, Kingsdale Capital Markets Inc. and D&D Securities Co.
|
| Pricing date: | Nov. 27
|
| Settlement date: | Dec. 4
|
| Stock symbol: | Toronto: WRN
|
| Stock price: | C$1.72 at close Nov. 27
|
| Market capitalization: | C$130 million
|
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