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Bullboard - Stock Discussion Forum Western Copper and Gold Corp T.WRN

Alternate Symbol(s):  WRN

Western Copper and Gold Corporation is a Canada-based mining company. The Company is engaged in developing the Casino Project. The Casino Project is a copper-gold mining project in Yukon, Canada. The Casino porphyry copper-gold-molybdenum deposit is located in west central Yukon, in the northwest trending Dawson Range mountains, approximately 300 kilometers (km) northwest of the territorial... see more

TSX:WRN - Post Discussion

Western Copper and Gold Corp > When can rio start buying on the open market?
View:
Post by Diamondboy123 on Aug 01, 2021 12:03pm

When can rio start buying on the open market?

Just wondering.
Comment by EvenSteven27 on Aug 01, 2021 12:38pm
Not sure if this helps...but found this: Under the investor rights agreement, for a period of 12 months, Rio Tinto has also agreed: not to sell, transfer, offer or otherwise dispose of any shares without first notifying the Company  to vote any shares in favor of each director nominated by the board of directors of the Company for election by shareholders  not to acquire ...more  
Comment by jsladek on Aug 01, 2021 3:00pm
A couple of extra terms listed in their presentation (Slide 4): https://westerncopperandgold.com/wp-content/uploads/2021/06/WRN_Corporate_Presentation_June2021.pdf "Rio has the right to retain ownership".  I take this to mean that if WRN issues shares, RIO can buy shares to maintain their percentage ownership.  Don't know what other conditions apply to buying shares, but ...more