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The latest announcement is out from Western Metallica Resources Corp. ( (TSE:WMS) ).
Western Metallica Resources Corp. announced a consolidation of its common shares on a 10-to-1 basis, subject to TSX Venture Exchange approval. This move is expected to enhance the marketability of the shares and facilitate future financings. Post-consolidation, the company will have approximately 8.26 million shares outstanding, with trading on a post-consolidation basis set to begin on July 7, 2025. The consolidation has been approved by both the shareholders and the Board of Directors, and it aims to maintain shareholder ownership percentages and voting power, with minor adjustments for fractional shares.
More about Western Metallica Resources Corp.
Western Metallica Resources Corp. is an Ontario registered company headquartered in Toronto, Ontario, and trades on the TSX Venture Exchange under the symbol WMS. The company is involved in mineral resource exploration and development, with interests in several projects, including the 100% owned Nueva Celti Copper Property in the Ossa Morena belt in Andalusia, Spain, and three gold projects in the Navelgas Gold Belt in Asturias, Spain.
Average Trading Volume: 287,333
Technical Sentiment Signal: Sell
Current Market Cap: C$355.9K
For an in-depth examination of WMS stock, go to TipRanks’ Overview page.