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