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An update from Western Metallica Resources Corp. ( (TSE:WMS) ) is now available.
Western Metallica Resources Corp. has announced a debt settlement agreement with three creditors, resulting in the extinguishment of $300,000 in debt through the issuance of 6,000,000 common shares at a price of $0.05 per share. This move, pending TSX Venture Exchange approval, aims to improve the company’s financial standing and potentially enhance its market position by reducing its liabilities.
More about Western Metallica Resources Corp.
Western Metallica Resources Corp. is a mineral resource exploration company based in Toronto, Ontario. It is listed on the TSX Venture Exchange under the symbol WMS. The company has a 100% interest in the Nueva Celti Copper Property in Andalusia, Spain, and three gold projects in the Navelgas Gold Belt in Asturias, Spain.
Average Trading Volume: 154,883
Technical Sentiment Signal: Sell
Current Market Cap: C$412.8K
Learn more about WMS stock on TipRanks’ Stock Analysis page.