By Devika Patel
Knoxville, Tenn., July 6 - Western Copper Corp. said it has arranged a C$4 million private placement of units.
The company will sell 4 million units at C$1.00 each. The units consist of one flow-through common share and one half-share warrant with each whole warrant exercisable at C$1.25 for three years.
Settlement is expected July 10. Casimir Capital LP is the agent.
Proceeds will be used for exploration.
Western Copper is a mineral exploration company based in Vancouver, B.C.
| Issuer: | Western Copper Corp.
|
| Issue: | Units of one flow-through common share and one half-share warrant
|
| Amount: | C$4 million
|
| Units: | 4 million
|
| Price: | C$1.00
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | C$1.25
|
| Agents: | Casimir Capital LP
|
| Pricing date: | July 3
|
| Settlement date: | July 10
|
| Stock symbol: | TSX Venture: WRN
|
| Stock price: | C$0.76 at close July 3
|
| Market capitalization: | C$54.6 million
|
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