Western Copper and Gold Corp T.WRN

WESTERN COPPER AND GOLD CORPORATION C$50,000,000

[Marine2]

We don,t need Rio's money !

WESTERN COPPER AND GOLD CORPORATION C$50,000,000

Link>> https://www.stockwatch.com/News/Sedardoc/5783165.pdf

 

COMMON SHARES WARRANTS SUBSCRIPTION RECEIPTS UNITS

November 25, 2024

This short form base shelf prospectus (this “Prospectus”) relates to the offering for sale from time to time (each, an “Offering”), during the 25-month period that this Prospectus, including any amendments hereto, remains effective, of the securities of Western Copper and Gold Corporation (“Western” or the “Corporation”) listed above (the “Securities”) in one or more series or issuances, with a total offering price of such Securities, in the aggregate, of up to C$50,000,000 (or the equivalent thereof in other currencies). The Securities may be offered separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of the sale and set forth in an accompanying prospectus supplement (a “Prospectus Supplement”). This Prospectus may qualify an “at-the- market” distribution as defined in National Instrument 44-102 – Shelf Distributions (“NI 44-102”) of the Canadian Securities Administrators.

[Marine2]

Why does WRN need this money ? Specific requirementsOnce approved, the base shelf prospectus allows companies to access the capital markets quickly. They do so by filing a shelf supplement for a specific offering of securities, which is typically not reviewed by regulators. Why is WRN "issuing"a short form base shelf prospectus "offering $50 Mill for sale during the next 25

[jclarke042]

Because Copper/Gold projects are endless dilution trains only benefiting management via salaries/options. I'm getting out on the next pump.

[Marine2]

I hear this is sold done deal, $50 Mill $$$$ https://www.stockwatch.com/News/Sedardoc/5783165.pdf   A copy of this preliminary short form base shelf prospectus has been filed with the securities regulatory authorities in each of the provinces and territories of Canada, except the province of Qubec, but has not yet become final for the purpose of the sale of securities. Information

[Pinegrove1]

I'd like to hear management's reason for it.  We have a ton of cash and have been told by both Paul and Sandeep that it should be enough to get us through permitting. What changed?  We buying something??  Coffee??

[jclarke042]

Guarantee if anyone asks Sandeep will say, in the first paragraph: "iTs To mAiNtAiN FlExiBiLiTy jUsT In cAsE...nO rAiSeS aNyTiMe sOoN." We'll raise before end of Q1 '25. Permitting and working capital. I'd bet mine, and your last dollar.

[MetalMinded]

Why?  I'll tell you why and it's not because we need the money. Very rich and powerful people want to buy in and they don't want to buy in the open market.  That right there is why. Those people have enough power and influence to force this offering even if we don't need to money.  The only thing that stops this is a shareholder class action lawsuit forcing

[Pinegrove1]

Agreed. We should raise when SP is higher to reduce dilution. We don't need it, we shouldn't do it. If SP was $4.00 and we absolutely needed it then OK. Other than that stay with the original plan. 

[Pinegrove1]

He's loading up the institutions with cheap shares. If he's tied to these institutions personally it's a conflict of interest. They better provide a better reason for doing this other than to manage ongoing SG&A and permitting. We don't need $120 million for that!!

[jclarke042]

After watching the quarterly filings for years, we're never above like 13-15% institutional ownership. So I wouldn't say he's "loading up" anyone because they never own a higher % of the shares. Someone ask. Guarantee he'll just say "well the current one is expiring and always good to have flex."  

[EvenSteven27]

I believe this is an old news story from 2020: https://www.newswire.ca/news-releases/western-copper-and-gold-files-preliminary-base-shelf-prospectus-and-registration-statement-876246506.html

[jclarke042]

New one, same amount. We've filed one in each November 2020, 2022, and now 2024. They have a two years lifespan. It's up there on SEDAR.

[Pinegrove1]

Thanks for that update.