Western Copper (WRN) to Spin-Out Certain Assets into Two New Companies
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Western Copper Corporation (AMEX: WRN) has mailed a detailed Information Circular describing the business to be conducted at a special meeting of shareholders to be held October 3, 2011 with respect to the spin-out of certain assets of the Company into two new companies: Copper North Mining Corp. and NorthIsle Copper and Gold Inc. by plan of arrangement.
Upon successful completion of the Arrangement, Copper North will hold all of the Company's interest in the Carmacks Copper Project located in the Yukon Territory, Canada, as well as the Redstone Project located in the Northwest Territories, Canada. NorthIsle will hold the Company's Island Copper Project located on Northern Vancouver Island, British Columbia, Canada. The Company will continue to hold and focus on advancing its flagship Casino Project, located in the Yukon Territory, Canada.
Upon successful completion of the Arrangement, Copper North will hold all of the Company's interest in the Carmacks Copper Project located in the Yukon Territory, Canada, as well as the Redstone Project located in the Northwest Territories, Canada. NorthIsle will hold the Company's Island Copper Project located on Northern Vancouver Island, British Columbia, Canada. The Company will continue to hold and focus on advancing its flagship Casino Project, located in the Yukon Territory, Canada.
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