Western Copper and Gold Corporation
Western Copper and Gold Corporation
04/11/2024 | Press release | Distributed by Public on 04/11/2024 14:10
MATERIAL CHANGE REPORT - Form 6-K
MATERIAL CHANGE REPORT
Name and Address of Company
Western Copper and Gold Corporation ("Company")
Suite 1200 - 1166 Alberni Street
Vancouver, BC V6E 3Z3
Date of Material Changes
February 22, 2024 and March 1, 2024
News Releases
News releases were disseminated through Canada Newswire on February 22, 2024 and March 4, 2024 and subsequently filed under the Company's profile on SEDAR+.
Summary of Material Changes
On February 22, 2024, the Company announced the appointment of Mr. Sandeep Singh as Chief Executive Officer of the Company and the retirement of Mr. Kenneth Williamson from the Company's board and as Interim Chairman. The Company also announced a private placement with Mr. Singh for the purchase of 2,222,222 common shares at a price of C$1.35 per common share for proceeds of approximately $3 million.
On March 4, 2024, the Company announced the closing of the private placement.
Full Description of Material Changes
5.1 Full Description of Material Changes
On February 22, 2024, the Company announced the appointment of Mr. Sandeep Singh as Chief Executive Officer of the Company, effective immediately. Mr. Singh will work closely with Dr. Paul West-Sells, who will continue in the role of President in connection with the succession process. Further, Mr. Kenneth Williamson has retired from this role as Director and Interim Chairman. Current board member, Dr. Bill Williams, has taken on the role of Interim Chairman as the Company searches for a replacement.
The Company also announced a private placement (the "Placement") with Mr. Singh for the purchase of 2,222,222 common shares at a price of C$1.35 per common share for proceeds of approximately $3 million. The closing of the Placement was subject to entering into a customary subscription agreement and receipt of approvals of the Toronto Stock Exchange and the NYSE American LLC. The shares issued pursuant to the Placement are subject to a statutory hold period in accordance with applicable Canadian securities laws, later determined to expire on July 2, 2024.
On March 4, 2024, the Company announced the closing of the Placement.
5.2 Disclosure for Restructuring Transactions
Not applicable.
Reliance on Section 7.1(2) of National Instrument 51-102
Not applicable.
Omitted Information
There is no information of a material nature that has been omitted.
Executive Officer
Contact:Varun Prasad
Phone:(604) 638-2512
Date of Report
March 4, 2024.