Western Copper and GOLD Announces Completion of C$2.3 Million Subscription BY RIO Tinto
WESTERN COPPER AND GOLD ANNOUNCES
COMPLETION OF C$2.3 MILLION
SUBSCRIPTION BY RIO TINTO
VANCOUVER, BC
,
May 1, 2023
/CNW/ - Western Copper and Gold Corporation ("Western" or the
"Company") (TSX: WRN) (NYSE American: WRN) announces it has completed its previously
announced
C$2.3 million
subscription by Rio Tinto Canada Inc. ("Rio Tinto").
Rio Tinto acquired 878,809 common shares of the Company (the "Shares") at a price of
C$2.63
per
Share for proceeds of approximately
C$2.3 million
, allowing Rio Tinto to maintain its interest of
approximately 7.84%.
ABOUT WESTERN COPPER AND GOLD CORPORATION
Western Copper and Gold Corporation is developing the Casino Project,
Canada's
premier copper-
gold mine in the
Yukon Territory
and one of the most economic greenfield copper-gold mining
projects in the world.
The Company is committed to working collaboratively with our First Nations and local communities to
progress the Casino project, using internationally recognized responsible mining technologies and
practices.
For more information, visit
www.westerncopperandgold.com
.
On behalf of the board,
"Paul West-Sells"
Dr.
Paul West-Sells
President and CEO
Western Copper and Gold Corporation
SOURCE
Western Copper and Gold Corporation
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For further information:
Please contact: Sandy Noyes, Director, Investor Relations, 604.638.2520
CO: Western Copper and Gold Corporation
CNW 15:30e 01-MAY-23