TORONTO / Jun 10, 2025 / Business Wire / Western Metallica Resources Corp. (TSXV: WMS) (“Western Metallica” or the “Company”) announces the results of its Annual General and Special Meeting of Shareholders held on June 9th, 2025 (the “Meeting”).
Over 30% of the Company’s shares were represented at the Meeting.
Detailed results of the vote for the election of Directors held virtually at the Meeting on June 9th, 2025, are set out below:
|
Board of Director Nominees |
% Votes For |
% Votes Withheld |
|
Gregory Duras |
99.25 |
0.25 |
|
Peter Imhof |
99.25 |
0.25 |
|
Joaquin Merino |
98.31 |
1.69 |
|
Brigitte Berneche |
100 |
Nil |
Shareholders at the meeting also approved the appointment of McGovern Hurley LLP as the Company’s auditors. Disinterested shareholders also reapproved an omnibus incentive plan pursuant to which the Company may issue restrictive share units and stock options to eligible participants, subject to the receipt of all required approvals, including the TSXV.
The Shareholders of the Corporation also passed a special resolution authorizing the directors to consolidate the issued and outstanding common shares of the Corporation on the basis of one (1) post-consolidation common share for each ten (10) pre-consolidation shares of the Corporation (the “Share Consolidation”). Subject to the approval of the TSXV, the Board has the authority to implement the Share Consolidation, in its sole discretion, at any time prior to June 9th, 2026, being one year from the date of the Meeting.
The Company also announces that it has terminated its option to acquire 100% of the mineral claims, rights and interests in the Caña Brava Copper Project (“Caña Brava”), situated in the La Libertad Department in Northern Peru. The Company has given notice for the termination of the option agreement which will be effective immediately.
The Company also announces the resignation of Giovanni Funaioli as Vice President of Exploration, effective May 31, 2025.
About Western Metallica Resources Corp.
Western Metallica is an Ontario registered company with its head office in Toronto, Ontario, trading on the TSX Venture Exchange under symbol WMS. Western Metallica is in the business of mineral resource exploration and development with interests in various projects including its 100% owned Nueva Celti Copper Property in the Ossa Morena belt in Andalusia, Spain, and three other gold projects located in the “Navelgas Gold Belt” in Asturias, Spain (Penedela, Valledor and Sierra Alta).
Further information of the Company can be found at: https://www.westernmetallicacorp.com/
Cautionary Note Regarding Forward-Looking Statements
The TSXV has neither approved nor disapproved the contents of this press release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.
This press release contains statements that constitute “forward-statements.” Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.
Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release may include information relating to planned drill programs and the development of other mining projects and prospects thereof. Such statements and information reflect the current view of the Company. Risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
