Western Copper and Gold Announces Completion of C$25.6 Million Strategic Investment by Rio Tinto
Western Copper and Gold Announces
Completion of C$25.6 Million Strategic
Investment by Rio Tinto
VANCOUVER, BC
,
May 31, 2021
/CNW/ - Western Copper and Gold Corporation ("Western" or the
"Company") (TSX: WRN) (NYSE American: WRN) announces it has completed its previously
announced
C$25.6 million
strategic investment by Rio Tinto Canada Inc. ("Rio Tinto"), to advance the
Company's copper-gold Casino Project in the
Yukon
.
Rio Tinto acquired 11,808,490 common shares at a price of
C$2.17
per share for aggregate gross
proceeds of approximately
C$25.6 million
, resulting in Rio Tinto owning approximately 8.0% of
Western's outstanding shares.
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. 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:
Sandy Noyes, Director, Investor Relations, 604.638.2520 or
CO: Western Copper and Gold Corporation
CNW 08:07e 31-MAY-21