Western Copper and Gold Completes Sale of Royalty; Shares Rise 10%
Western Copper and Gold Corporation (WRN.TO) and its wholly owned subsidiary, Casino Mining Corporation, announced that all of the escrow conditions have been met related to the royalty sale agreement with 8248567 Canada Limited, whereby the purchaser agrees to cancel its 5% net profits interest royalty in the Casino Project and pay US$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 gained nine cents to $0.95 on volume of more than 447,000.
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