Western Copper and GOLD Announces Completion of Further Investment and Entry into a New Investor Rights Agreement with RIO Tinto
WESTERN COPPER AND GOLD ANNOUNCES
COMPLETION OF FURTHER INVESTMENT
AND ENTRY INTO A NEW INVESTOR RIGHTS
AGREEMENT WITH RIO TINTO
VANCOUVER, BC
,
Dec. 12, 2023
/CNW/ - Western Copper and Gold Corporation ("Western" or the
"Company") (TSX: WRN) (NYSE American: WRN) announces it has completed its previously
announced
C$6 million
further investment by Rio Tinto Canada Inc. ("Rio Tinto"), to continue to
advance the Company's
Casino
Project in the
Yukon
.
Rio Tinto acquired 3,468,208 common shares at a price of
C$1.73
per share for aggregate gross
proceeds of approximately
C$6 million
, resulting in Rio Tinto's ownership increasing to approximately
9.7% of Western's outstanding common shares.
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. 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 17:00e 12-DEC-23