From the Wires
Western Copper and Gold's warrants to expire
Dec. 12, 2012 05:12 PM
VANCOUVER, Dec. 12, 2012 /PRNewswire/ - Western Copper and Gold Corporation
("Western" or the "Company") (TSX:WRN; NYSE MKT:WRN) announces that its
publically traded warrants will expire and delist from the TSX on
December 24th, 2012.
Western Copper and Gold Corp.'s warrants, currently trading under the
symbol WRN.WT, will expire at 4 p.m. (Vancouver time) on Saturday,
December 22, 2012. Since December 22 is a Saturday, Western's warrant
agent, Computershare Trust Company of Canada, will accept subscriptions
until 4 p.m. (Vancouver time) on Monday, December 24, 2012. The TSX
will delist the warrants at the close on December 24, 2012. One warrant
entitles the holder to buy one Western Copper and Gold share, one-half
of a NorthIsle Copper and Gold Inc. share, and one-half of a Copper
North Mining Corp. share for $3.45.
The TSX reports that all trades in the warrants completed on December
19, 2012 will be for special settlement on December 21, 2012. All
trades completed on December 20 and December 21, 2012 will settle on
the next business day in cash. All trades completed to 12 p.m. (Toronto
time) on December 24, 2012 will settle on the same day in cash.
Western continues to advance the Casino Project and expects to complete
a Feasibility Study on the project by the end of the year.
ABOUT WESTERN COPPER AND GOLD CORPORATION
Western Copper and Gold Corporation is a Vancouver-based exploration and
development company with significant copper, gold and molybdenum
resources and reserves. The Company has 100% ownership of the Casino
Project located in the Yukon Territory. The Casino Project is one of
the world's largest open-pit gold, copper, silver and molybdenum
deposits. For more information, visit www.westerncopperandgold.com.
On behalf of the board,
"Dale Corman"
F. Dale Corman
Chairman & CEO
Cautionary Disclaimer Regarding Forward-Looking Statements and
Information
Certain of the statements and information in this press release
constitute "forward-looking statements" within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and
"forward-looking information" within the meaning of applicable Canadian
securities laws. Forward-looking statements and information generally
express predictions, expectations, beliefs, plans, projections, or
assumptions of future events or performance and do not constitute
historical fact. Forward-looking statements and information tend to
include words such as "may," "expects," "anticipates," "believes,"
"targets," "forecasts," "schedules," "goals," "budgets," or similar
terminology. Forward-looking statements and information herein
include, but are not limited to, statements with respect to the
completion of the proposed plan of arrangement and the expected timing
and structure thereof; anticipated listings and trading and the
expected timing thereof; anticipated regulatory approvals; and resource
and reserve estimates. All forward-looking statements and information
are based on Western Copper and Gold's or its consultants' current
beliefs as well as various assumptions made by and information
currently available to them. These assumptions include, without
limitation that regulatory approvals to the proposed plan of
arrangement and proposed listings will be obtained in a timely manner,
that regulatory approvals will be available on acceptable terms and
assumptions made in the Company's technical report(s) disclosing
resources and reserves. Although management considers these
assumptions to be reasonable based on information currently available
to it, they may prove to be incorrect. Forward-looking statements and
information are inherently subject to significant business, economic,
and competitive uncertainties and contingencies and are subject to
important risk factors and uncertainties, both known and unknown, that
are beyond Western Copper and Gold's ability to control or predict.
Actual results and future events could differ materially from those
anticipated in forward-looking statements and information. Examples of
potential risks are set forth in Western Copper and Gold's annual
report most recently filed with the U.S. Securities and Exchange
Commission and the Canadian Securities Administrators as of the date of
this press release. Accordingly, readers should not place undue
reliance on forward-looking statements or information. Western Copper
and Gold expressly disclaims any intention or obligation to update or
revise any forward-looking statements and information whether as a
result of new information, future events or otherwise, except as
otherwise required by applicable securities legislation.
SOURCE Western Copper and Gold Corporation
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