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Western Copper and Gold Corp T.WRN

Alternate Symbol(s):  WRN

Western Copper and Gold Corporation is a Canada-based mining company. The Company is engaged in developing the Casino Project. The Casino Project is a copper-gold mining project in Yukon, Canada. The Casino porphyry copper-gold-molybdenum deposit is located in west central Yukon, in the northwest trending Dawson Range mountains, approximately 300 kilometers (km) northwest of the territorial capital of Whitehorse. The Casino project is located on Crown land administered by the Yukon Government and is within the Selkirk First Nation traditional territory and the Tr’ondek Hwechin traditional territory lies to the north. The Casino Property lies within the Whitehorse Mining District and consists of approximately 1,136 full and partial Quartz Claims and 55 Placer Claims acquired in accordance with the Yukon Quartz Mining Act. The total area covered by Casino Quartz Claims is approximately 21,126.02 hectares (ha). The total area covered by Casino Placer Claims is 490.34 ha.


TSX:WRN - Post by User

Comment by Sooneron Nov 08, 2022 11:00am
130 Views
Post# 35082001

RE:Does WRN have Dissenter Rights?

RE:Does WRN have Dissenter Rights?

Thanks Clark. Yes...very confusing and i don't understand why it has to be so difficult. ALL shareholders should get the SAME on a buyout in the RIO/TRQ example and one group shouldn't be favored just because they have more shares. That's a circus waiting to happen...with class action lawsuits dragging out many years! What a stupid thing for Rio to even consider.
 

Regardless, i sent question to Paul as well to see what we have to prevent a similar circus with Rio (or any other potential acquirer). 

-------------
Hi Paul,
I’m sure you’ve been following the drama with Rio/TRQ --- and to me (and it seems lawyers and perhaps gov’t oversight) as an illegal action by Rio to try to “bribe” --- using the term very loosely of course--- certain “special” minority shareholders.
 
To me it clearly appears illegal to treat shareholders differently in this situation.
 
Please confirm what, if any, WRN has in our corporate governance to avoid such similar situation where Rio makes an offer for (let’s say $4cad per share) for all shareholders but for the select few shareholders they offer something a little “sweeter” if those shareholders withhold vote on the proposed acquisition. The “sweetener” for some of the biggest shareholders could be

  • $3cad at closing
  • $1cad PLUS interest PLUS independent arbitrator ruling on “fair” value of WRN shares

 
Kind of curious on this and how Rio is getting into potential legal troubles (future class action lawsuits, etc) on such a ridiculous approach in creating 2 different “classes” of minority shareholders.
 
Appreciate your perspective on this from a WRN perspective in any potential negotiated acquisition.
 
Tks
 

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