Brief: Western Copper And Gold Announces Strategic Investment By Mitsubishi Materials Corp

Mitsubishi Materials

24/03/2023 10:36

March 24 (Reuters) - Western Copper and Gold Corp
 WRN.TO :
    * WESTERN COPPER AND GOLD ANNOUNCES STRATEGIC INVESTMENT BY
MITSUBISHI MATERIALS CORPORATION
    * WESTERN COPPER AND GOLD CORP - PROPOSED DEAL FOR AT A
PRICE OF
C$2.63 PER SHARE
    * WESTERN COPPER AND GOLD CORP: MITSUBISHI MATERIALS HAS
AGREED TO
ACQUIRE COMMON SHARES OF COMPANY THAT WILL REPRESENT ABOUT 5.0%
OF CO'S SHARES
    * WESTERN COPPER AND GOLD CORP - IN CONNECTION WITH
STRATEGIC
INVESTMENT , CO, AND MITSUBISHI MATERIALS WILL ENTER INTO AN
INVESTOR RIGHTS AGREEMENT
    * WESTERN COPPER AND GOLD CORP: WILL USE PROCEEDS OF
STRATEGIC
INVESTMENT TO ADVANCE THE CASINO PROJECT
    * WESTERN COPPER AND GOLD CORP: WESTERN REMAINS SOLE OWNER
OF
CASINO PROJECT AND WILL CONTINUE TO BE OPERATOR
    * WESTERN COPPER AND GOLD - NUMBER OF SHARES TO BE ISSUED TO
DEPEND ON IF RIO TINTO CANADA ELECTS TO EXERCISE RIGHT TO
PARTICIPATE IN EQUITY FINANCINGS

Source text for Eikon:  ID:nCNW7Yx19a 
Further company coverage:  WRN.TO 

 ((Reuters.Briefs@thomsonreuters.com;))