Western Metallica Resources Corp. Shareholder Meeting Highlights and Strategic Decisions
Western Metallica Resources Corp. recently held its Annual General and Special Meeting of Shareholders, where over 12% of the Company's shares were represented. Shareholders voted on various matters, including the election of Directors, the appointment of auditors, and the approval of an omnibus incentive plan. Additionally, shareholders approved a name change and passed a special resolution authorizing the consolidation of common shares. The Board now has the authority to implement the Share Consolidation at any time before June 25, 2027, subject to TSXV approval.
Furthermore, shareholders passed a debt settlement resolution, approving a shares for debt transaction and the creation of a new control person, pending TSXV approval. Western Metallica Resources Corp. is a British Columbia-based company focused on mineral resource exploration and development. Its primary asset is the Penedela Gold Property in the "Navelgas Gold Belt" in Asturias, Spain. The company also holds interests in two other Spanish gold projects in the same region and one project in Andalucia.
It is important to note that the TSXV has not yet approved the contents of this press release, and neither the TSXV nor its Regulation Services Provider takes responsibility for the accuracy of the information provided.