wrn

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

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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.