07:11 AM EDT, 03/25/2024 (MT Newswires) -- Western Copper and Gold Corporation ( WRN ) on Monday announced it has completed a private placement with Rio Tinto Canada Inc. pursuant to Rio Tinto's subscription rights as a result of WRN'S recent private placement with the incoming CEO.

Rio Tinto acquired 239,528 common shares at C$1.35 per share for proceeds of C$323,363, allowing Rio Tinto to maintain its interest of approximately 9.7%.

Western Copper closed 3.9% higher in after hours trade on Friday.