Western Copper announces C$50M bought deal financing

Western Copper (WRN) and Gold is pleased to announce it has entered into an agreement with Stifel Canada, on its own behalf and on behalf of a syndicate of underwriters, pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 12,048,400 common shares of the company at a price of C$4.15 per common share for gross proceeds to the company of approximately C$50,000,860. The offering is scheduled to close on or about February 26.