Western Copper and GOLD Announces RIO Tinto Exercise of Their Anti Dilution Right
WESTERN COPPER AND GOLD ANNOUNCES
RIO TINTO EXERCISE OF THEIR ANTI
DILUTION RIGHT
VANCOUVER, BC
,
March 25, 2024
/CNW/ - Western Copper and Gold Corporation ("Western" or
the "Company") (TSX: WRN) (NYSE American: WRN) announces it has completed a private
placement with Rio Tinto Canada Inc. ("Rio Tinto") pursuant to Rio Tinto's subscription rights as a
result of the Company's recent private placement with the incoming CEO.
Rio Tinto acquired 239,528 common shares of the Company at a price of
C$1.35
per share for
proceeds of
C$323,363
, allowing Rio Tinto to maintain its interest of approximately 9.7%.
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,
"Sandeep Singh"
Sandeep Singh
Chief Executive Officer
Western Copper and Gold Corporation
SOURCE
Western Copper and Gold Corporation
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CO: Western Copper and Gold Corporation
CNW 06:30e 25-MAR-24