effective consolidation, name change and proposed Offering
250 Southridge NW, Suite 300
Edmonton, AB T6H 4M9
Telephone: 780-437-6624
www.westmountminerals.com
Westmount Announces Effective Date of Share Consolidation and Name
Change, and Proposed Non-Brokered Private Placement
Edmonton, AB, July 7, 2026 - Westmount Minerals Corp. (“Westmount”) (CSE: WMC )
announces that, further to its news release dated June 18, 2026, Westmount will consolidate its
common shares (the "Shares") on the basis of four (4) pre-consolidation Shares for one (1)
post-consolidation Share (the "Consolidation") effective July 13, 2026. The board of directors
has also approved, pursuant to the Company's Articles, changing the Company's name from
"Westmount Minerals Corp." to “Wayfinder Metals Corp.”.
Westmount currently has 50,909,001 Shares issued and outstanding, and immediately following
the Consolidation, Westmount will have approximately 12,727,25 1 Shares issued and
outstanding. No fractional shares will be issued as a result of the Consolidation and any
fractional shares resulting from the Consolidation will be rounded up or down to the nearest
whole Share. Westmount's outstanding convertible securities will be adjusted on the same basis
(4:1) to reflect the Consolidation in accordance with their respective terms with proportionate
adjustments to be made to the exercise prices.
The Company's post-C onsolidation common shares are expected to commence trading on the
Canadian Securities Exchange (“CSE”) under its new name, while retaining its existing trading
symbol, “WMC”, on or about July 13, 2026. The post-Consolidation common shares will trade
under the new CUSIP number 94420C108 and new ISIN CA94420C1086.
A letter of transmittal will be provided to registered shareholders holding certificates or direct
registration statements outlining the process for exchanging their pre-Consolidation shares for
post-Consolidation shares. Shareholders who hold their shares through a broker or other
intermediary will have their accounts automatically updated in accordance with the
intermediary’s procedures.
The Offering
After completion of the C onsolidation and Name Change, Westmount then proposes to
complete a non-brokered private placement of up to 8,370,175 units (the "Units") at a price of
$0.12 per Unit, to raise gross proceeds of up to $1.005M. Each Unit will consist of one (1)
common share of Westmount and one-half of a share purchase warrant (each whole share
purchase warrant, a "Warrant"). Each Warrant will be exercisable to acquire one additional
common share at an exercise price of $0.20 per share for a period of two (2) years from the
date of closing of the Offering. The terms of the Offering are subject to satisfactory notice to the
CSE. No finder's fees are expected to be paid in connection with this Offering.
All securities sold pursuant to the Offering will be subject to a four-month hold period. The net
proceeds from the Offering will be used for general working capital requirements.
The securities of Westmount have not been, and will not be, registered under the U.S.
Securities Act of 1933, as amended (the “ U.S. Securities Act”) or any U.S. state securities laws
and may not be offered or sold in the United States absent registration or an available
exemption from the registration requirements of the U.S. Securities Act and applicable U.S.
state securities laws. This press release shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there by any sale of the securities referenced in this press release, in any
jurisdiction in which such offer, solicitation or sale would be unlawful.
About Westmount Minerals Corp.
Westmount is focussed on acquiring high quality base and precious metal assets globally. For
more information, please refer to Westmount's prospectus dated February 14, 2022, available
on SEDAR+ (www.sedarplus.ca).
For further information, please contact:
Bryan Atkinson
Executive Chair
T: (780) 437-6624
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information: This news release contains “forward-looking information” and “forward-looking
statements” within the meaning of applicable securities laws, including statements regarding the Consolidation, the
Name Change, the Offering, the timing and completion of the Consolidation, Name Change and the Offering, and
receipt of required regulatory approvals, including acceptance by the CSE. Forward-looking statements are based on
assumptions believed by Westmount to be reasonable as of the date hereof, but are subject to known and unknown
risks and uncertainties that may cause actual results to differ materially, including risks related to market conditions,
regulatory approval, and the ability to complete the Offering on the terms contemplated or at all. Readers are
cautioned not to place undue reliance on forward-looking statements. Westmount does not undertake to update
forward looking statements or forward-looking information, except as required by law.
Not for distribution to United States newswire services or for dissemination in the United States.