UNDERWRITING AGREEMENTUnderwriting Agreement • April 18th, 2024 • Western Copper & Gold Corp • Metal mining • British Columbia
Eight Capital (“Eight Capital” or the “Lead Underwriter”) and Cormark Securities Inc., National Bank Financial Inc., Raymond James Ltd., BMO Nesbitt Burns Inc., Canaccord Genuity Corp., CIBC World Markets Inc., H.C. Wainwright & Co., LLC, RBC Dominion Securities Inc., Echelon Wealth Partners Inc. and Haywood Securities Inc. (together with Eight Capital, 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 21,055,000 common shares of the Company (the “Firm Shares”) on a bought deal underwritten basis at a price of C$1.90 per Firm Share (the “Offering Price”) for aggregate gross proceeds of C$40,004,500.
