Connect with us

Hi, what are you looking for?

Economy

WESTERN COPPER AND GOLD ANNOUNCES RIO TINTO EXERCISE OF THEIR ANTI DILUTION RIGHT

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

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2024/25/c5284.html

News Provided by Canada Newswire via QuoteMedia

This post appeared first on investingnews.com

You May Also Like

Editor's Pick

On April 23, 1985, the Coca-Cola Company made one of the biggest mistakes in American business history: it changed the formula for Coca-Cola. Outraged...

Latest News

Lawmakers reacted after Iran launched drones from its own territory toward Israel late Saturday, calling for the White House to ‘stand firm’ and ‘stop...

Editor's Pick

The final December results from the University of Michigan Surveys of Consumers show overall consumer sentiment improved for the month but remains near historically...

Economy

President Biden has a story he wants to tell voters about the economy, one of consistent job growth over the course of his presidency...