UNDERWRITING AGREEMENTUnderwriting Agreement • November 19th, 2020 • Western Copper & Gold Corp • Metal mining • British Columbia
Cormark Securities Inc. (“Cormark” or the “Lead Underwriter”) and CIBC World Markets Inc., H.C. Wainwright & Co., LLC and Roth Capital Partners, LLC (together with Cormark, the “Underwriters”), hereby severally and neither jointly, nor jointly and severally, on the basis of the percentages set forth in Section 17, agree to purchase from Western Copper and Gold Corporation (the “Company”), and the Company hereby agrees to issue and sell to the Underwriters, upon and subject to the terms hereof, an aggregate of 17,242,000 common shares of the Company (the “Firm Shares”) on an underwritten basis at a price of C$1.45 per Firm Share (the “Offering Price”) for an aggregate purchase price of C$25,000,900. Up to an aggregate of 8,275,862 Firm Shares for total gross proceeds of up to $12,000,000 may be issued to purchasers identified by the Company (the “President’s List”).
