By Devika Patel
Knoxville, Tenn., July 13 - Western Copper Corp. said it completed a C$4 million private placement of units.
The company sold 4 million units at C$1.00 per unit. Each unit consists of one flow-through share and a half-share warrant, with each whole warrant exercisable at C$1.25 for three years.
The deal was conducted by Casimir Capital LP.
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 share and a half-share warrant
|
| Amount: | C$4 million
|
| Units: | 4 million
|
| Price: | C$1.00
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | C$1.25
|
| Agent: | Casimir Capital LP
|
| Settlement date: | July 13
|
| Stock symbol: | TSX Venture: WRN
|
| Stock price: | C$0.85 at close July 10
|
| Market capitalization: | C$58.3 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
