Filings in every province and territory of Canada (except for Québec) from Western Copper and Gold Corporation have been announced. They include a shelf prospectus and an amendment to its registration statement.
The filings are relevant in that Western Copper and Gold Corporation is developing the Casino Project, Canada’s premier copper-gold mine in the Yukon Territory. In fact, it is one of the most economic greenfield copper-gold mining projects across the globe.
The registration was with the SEC, the US Securities and Exchange Commission. The filings fall under the U.S./Canada Multijurisdictional Disclosure System.
As a result of the filings, Western is eligible to make offerings of common shares, warrants, subscription receipts and/or units up to a total of Cdn$50 million during the effective period of twenty-five months.
Offerings of any nature are based on market conditions at the time of sale and subject to regulations on transactions, private placements, and public offers of strategic investments.
A prospectus is designed to convey all vital information regarding the securities and the use of the net proceeds. It is filed with Canadian securities regulatory authorities as well as the SEC. Copes are available to the public.
The shelf prospectus filings by Western Copper and Gold are accompanied by a technical report, dated July 3, 2020. It is an updated mineral resource statement for Yukon, Canada. It supports the mineral resource estimate on the flagship Casino Project.