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Financings

Western Metallica to settle debt with shares, cash

By The Northwire Desk — AI Analysis Nov 20, 2025 · 20:57 WMS · 0.065 Western Metallica Resources Corp.
WMS · Price

Executive Summary

  • Western Metallica Resources Corp. has entered into a debt settlement agreement with Gestion de Consensos Socioambientales S.A.C. to resolve outstanding contractor fees and other obligations.
  • The settlement involves the issuance of 180,000 common shares and a cash payment of $6,000 USD.
  • The transaction is subject to customary closing conditions, including approval from the TSX Venture Exchange.

Key Details

  • Counterparty: Gestion de Consensos Socioambientales S.A.C.
  • Total Debt Settled: $13,648.47 (U.S.)
  • Consideration Structure:
    • Equity: 180,000 common shares of Western Metallica.
    • Cash: $6,000 (U.S.).
  • Deemed Share Price: 6.5 cents per common share.
  • Closing Conditions: Subject to customary conditions, specifically approval of the TSX Venture Exchange.
  • Share Restrictions: The issued common shares are subject to a hold period of four months and one day following the date of issuance, in accordance with applicable securities laws and TSX-V policies.
  • Board Determination: The Board of Directors determined the transaction is in the best interests of the company.
Read the original news release →

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