Western Copper and Gold Closes Casino Project Deal; Shares Add 12%


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Western Copper and Gold Corporation ( WRN ) and its wholly owned subsidiary, Casino Mining Corporation, have met all of the escrow conditions related to the royalty sale agreement with 8248567 Canada Limited, whereby the Canada Limited agreed to cancel its 5% net profits interest royalty in the Casino Project and pay $32 million in exchange for a 2.75% net smelter returns royalty in the Casino Project.

The sale is now closed and the net proceeds from the sale have been received by the company.

WRN shares are up 11.7% at $0.96.

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This article appears in: Investing , Commodities

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