Western Metallica Resources Corp. Announces Consolidation and Shares-for-Debt Transaction
· Financial Post
TORONTO -- Western Metallica Resources Corp. (TSXV: WMS) (“Western Metallica” or the “Company”) is pleased to announce that it has completed a share consolidation of its common shares (“Common Shares”) on the basis of three (3) pre-consolidation Common Shares for each one (1) post-consolidation Common Share (the "Consolidation") effective as of July 10, 2026 (the “Effective Date”). The Consolidation is intended to optimize its capital structure and enhance the long-term value for the shareholders. Additionally, the Company has completed its previously announced shares-for-debt transaction (the “Shares-for-Debt Transaction”). Pursuant to the shares-for-debt agreement entered into on May 14, 2026 (the “Shares-for-Debt Agreement”), the Company issued an aggregate of 2,466,667 post-Consolidation Common Shares (representing 7,400,000 pre-Consolidation Common Shares) at a deemed price of $0.15 per post-Consolidation Common Share (or $0.05 per pre-Consolidation Common Share). Read More
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