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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 Oakie1on Jan 28, 2023 1:55am
218 Views
Post# 35251559

RE:What? Can anyone explain????

RE:What? Can anyone explain????Even Steven,
It appears to me that Engquist, Zeitler, Spivak, and Brown were awarded options and in some cases direct stock shares in days past, and they are all exercising those options or selling the shares now. When an option is exercised, it is then converted to shares of the stock, and then the stock can be sold on the open market. Usually, the awardee of the shares has a set strike date each year that he can exercise his options over a period of 3-5 years, and he can hold onto them over that 5 year period of time until the price of the stock has risen to a level that makes it profitable to sell them. Notice the word "Usually" above. However, when a company is being bought outright, before the buyout, all of the options have to be optioned to "clear the decks" for the buyout, and outright owned shares are to be sold in a timely manner. I was part of a company where that happened - I was forced to exercise my options and sell my company-awarded shares right before the buyout.If I had any shares I had bought on my own, I could keep them until the buyout was final to get the final market price for the shares, or go ahead and sell them at any time from the buyout announcement until the sale was completed. It is my educated guess that is what is happening here. If I am understanding this right, the buyout is imminent- probably within 3 - 10 days.
Oakie 1

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