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WESTERN COPPER AND GOLD ANNOUNCES EXERCISE OF PARTICIPATION RIGHT IN FULL BY RIO TINTO
WESTERN COPPER AND GOLD ANNOUNCES EXERCISE OF PARTICIPATION RIGHT IN FULL BY RIO TINTO ...
About this update from Western Copper And Gold Corporation
[{"type":"text","content":"\n \n \n \n WESTERN COPPER AND GOLD ANNOUNCES EXERCISE OF PARTICIPATION RIGHT IN FULL BY RIO TINTO\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n April 29, 2024\n \n \n /CNW/ - Western Copper and Gold Corporation (\"Western\" or the \"Company\") (TSX: WRN) (NYSE American: WRN) announces that, in connection with the Company's offering of common shares for gross proceeds of approximately\n \n $40 million\n \n announced on\n \n April 16, 2024\n \n (the \"Offering\"), Rio Tinto Canada Inc. (\"Rio Tinto\") has notified the Company that it will exercise its participation right in full, allowing Rio Tinto to maintain its interest of approximately 9.7%.\n \n \n \n \n \n \n \n \n \n Rio Tinto will subscribe for 2,269,470 common shares of the Company at a price of\n \n $1.90\n \n per share for proceeds of\n \n $4,311,993\n \n (the \"Rio Tinto Subscription\"). In the event that the over-allotment option (the \"Option\") granted to the underwriters in connection with the Offering is exercised in full, Rio Tinto will subscribe for an additional 340,420 common shares for additional proceeds of\n \n $646,798\n \n .\n \n \n The Rio Tinto Subscription is expected to be completed on or about\n \n May 6, 2024\n \n and is subject to the Company receiving approvals from the Toronto Stock Exchange and the NYSE American LLC.\n \n \n \n ABOUT WESTERN COPPER AND GOLD CORPORATION\n \n \n \n Western Copper and Gold Corporation is developing the\n \n Casino\n \n Project,\n \n Canada's\n \n premier copper-gold mine in the\n \n Yukon Territory\n \n and one of the most economic greenfield copper-gold mining projects in the world.\n \n \n The Company is committed to working collaboratively with our First Nations and local communities to progress the\n \n Casino\n \n project using internationally recognized responsible mining technologies and practices.\n \n \n For more information, visit\n \n www.westerncopperandgold.com\n \n .\n \n \n On behalf of the board,\n \n \n \n \"Sandeep Singh\"\n \n \n \n \n Sandeep Singh\n \n \n...