Western Metallica Announces AGM Results
Western Metallica Resources Corp. held its Annual General and Special Meeting of Shareholders on June 25, 2026, with over 12% of outstanding shares represented. During the meeting, shareholders approved the re-election of three directors, the appointment of new auditors, and the reapproval of an omnibus incentive plan for restricted share units and stock options. Additionally, a special resolution was passed authorizing the Board to implement a 1-for-3 share consolidation and approve a debt settlement transaction, both of which are contingent upon TSXV approval.
The company reported that over 12% of its shares were represented at the meeting. Shareholders voted to re-elect Gregory Duras, Roxanne Gelineau, and Leanna Jokela to the board. The voting results for each director were as follows:
- Gregory Duras: 94.43% For / 5.57% Withheld
- Roxanne Gelineau: 94.43% For / 5.57% Withheld
- Leanna Jokela: 94.43% For / 5.57% Withheld
McGovern Hurley LLP was appointed as the Company’s auditors. Disinterested shareholders also reapproved an omnibus incentive plan permitting the issuance of restrictive share units and stock options to eligible participants, subject to TSXV approval. Furthermore, shareholders approved granting the Board authority to change the Company’s name to any name approved by the Board.
A special resolution was passed authorizing a consolidation of issued and outstanding common shares on a 1-for-3 basis. The Board may implement this consolidation at its sole discretion prior to June 25, 2027, pending TSXV approval. Another special resolution was passed approving a shares-for-debt transaction and the creation of a new control person, subject to TSXV policy approval.
Western Metallica Resources Corp. is a British Columbia company headquartered in Toronto, focused on mineral exploration and development. The company primarily holds the 100% owned Penedela Gold Property in Spain's Navelgas Gold Belt, along with interests in Valledor, Sierra Alta, and Nueva Celti.