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The latest announcement is out from Western Metallica Resources Corp. ( (TSE:WMS) ).
Western Metallica Resources Corp. has amended its bridge financing to increase the amount to CDN$300,000, with CDN$230,000 already drawn, from its CEO, Gregory Duras. This transaction is classified as a ‘related party transaction’ under regulatory guidelines, and the company anticipates the need for further financing to meet its obligations. Additionally, the company announced the resignation of board member Paul Pearson, which may impact its governance and strategic direction.
More about Western Metallica Resources Corp.
Western Metallica Resources Corp. is a mineral resource exploration and development company based in Toronto, Ontario. It trades on the TSX Venture Exchange under the symbol WMS and holds interests in the Caña Brava copper-molybdenum project in Peru, as well as several copper and gold projects in Spain.
Average Trading Volume: 413,730
Technical Sentiment Signal: Buy
Find detailed analytics on WMS stock on TipRanks’ Stock Analysis page.