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Western Copper and Gold Completes $2.3 Million Subscription by Rio Tinto


On May 1, 2023, Western Copper and Gold Corporation completed its previously announced $2.3 million subscription by Rio Tinto Canada Inc. pursuant to the exercise of Rio Tinto’s right to maintain its interest.

Rio Tinto acquired 878,809 common shares of Western Copper at a price of $2.63 per share for proceeds of approximately $2.3 million, allowing Rio Tinto to maintain its interest of approximately 7.84%.

Cassels acted for Western Copper.

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