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.