Western Copper and Gold Completes Mineral Claim Purchase Agreement

VANCOUVER, B.C.: November 9, 2016 – Western Copper and Gold Corporation (TSX:WRN, NYSEMKT:WRN) is pleased to announce that it has completed the transactions contemplated under the Purchase Agreement with Cariboo Rose Resources Ltd. (TSX-V: CRB) (“Cariboo Rose”) previously announced on November 3, 2016.
Pursuant to the Purchase Agreement, Cariboo Rose exercised its right to buy the 55 mineral claims known as the Casino “B” claims, and then Western issued 500,000 common shares of Western to Cariboo Rose in exchange for nine (9) of the Casino “B” claims and a right of first refusal on the remaining 46 Casino “B” claims. The 500,000 common shares issued to Cariboo Rose are subject to a hold period and as such may not be traded until March 10, 2017.
The acquisition of the nine Casino “B” claims pursuant to the Purchase Agreement increase the Company’s land position on the western edge of the Casino deposit.  The mineral claims include, or are in close proximity to areas where certain mining facilities are proposed.
“Western was able to purchase key claims without spending any cash,” said Paul West-Sells, President & CEO.  “These additional claims further de-risk the Casino Project by providing ownership certainty with regards to the proposed heap leach and by creating a buffer on the western edge of the feasibility study pit.”
Read the full press release.
Connect with Western Copper and Gold Corporation (TSX:WRN, NYSEMKT:WRN) to receive an Investor Presentation.