Western Metallica Announces Listing on the TSX Venture Exchange
Western Metallica Announces Listing on the
TSX Venture Exchange
TORONTO, ONTARIO – April 19, 2022 – Western Metallica Resources Corp. (“Western
Metallica” or the “ Company”) is pleased to announce that the Co mpany’s common
shares have been listed and admitted to trading on the TSX Venture Exchange (the
“TSXV”) as of April 19, 2022, with trading to commence as of the open on April 19, 2022,
under the symbol “WMS”. The Company’s listing on the TSXV follows the previously
announced reverse -takeover transaction by Orcus Resources Ltd. and closing of a
brokered private placement of subscription receipts (the “Offering”) for gross proceeds of
approximately CAD $8 million. For more information about the Offering, please see the
Company's press releases dated November 23, 2021 and April 13, 2022 , which is
available under the Company's SEDAR profile at www.sedar.com and on the Company’s
website at www.westernmetallica.com.
Gregory Duras , CEO and Director of Western Metallica Resources Corp.
stated: "The approval by the TSX Venture Exchange is an important milestone in the
Company’s drive to emerge as a gold and copper exploration company with assets
located in Spain, which is among the most prolific gold jurisdictions in Western Europe,
at a time when investor interest for gold and copper is high. This public listing is a crucial
step with the objective to heighten exposure of the Company while advancing our
portfolio of assets .”
With the Company well-funded, Western Metallica will now focus on the exploration of its
properties in Spain in order to unveil their potential value.
The Company also announces that it has engaged Tara Asfour to perform services for
the Company, including investor relations activities, as defined in accordance with the
policies of the TSXV and applicable securities laws. Pursuant to an agreement entere d
into with Ms. Asfour on December 1st, 2021, Ms. Asfour will receive a cash fee of $3,000
per month for a minimum of six months to continue on a month-to-month basis thereafter.
Ms. Asfour is an experienced executive consultant with over 10 years of manag ement,
investor relations, communications, and marketing experience, specialized in capital
markets. Ms. Asfour holds a Master’s degree in Business Management and a Financial
Markets Certificate from Yale University. To the knowledge of the Company, Ms. As four
currently owns zero Common Shares of the Company.
About Western Metallica Resources Corp.
Western Metallica is a British Columbia company with its head office in Toronto, Ontario.
Western Metallica is in the business of mineral resource exploration and development, its
principal asset is its 100% owned Penedela Gold Property in the “Navelgas Gold Belt” in
Asturias, Spain. Western Metallica also has an interest in two other Spanish gold projects
in the “Navelgas Gold Belt” in Asturias (Valledor and Sierra Alta) and one project located
in Andalucia (Nueva Celti).
Further information of the Company can be found at: www.westernmetallica.com
Contact
CEO and Director, Gregory Duras: [email protected]
+1 416 576-3136
or
Investor Relations: [email protected]
Cautionary Note Regarding Forward-Looking Information
This news release contains forward -looking information that involves substantial
known and unknown risks and uncertainties, most of which are beyond the control
of Western Metallica Corp. Forward looki ng statements include statements
regarding the listing of the common shares on the TSXV, the impact of the investor
relations engagement on the company and the receipt of all regulatory approvals,
the development of the Penedela Project and other mining pr ojects and prospects
thereof, the sufficiency of the Company’s funds, ongoing demand for gold and
copper and the ability of the Company to create liquidity for investors . Such
statements are subject to risks and uncertainties that may cause actual results,
performance or developments to differ materially from those contained in the
statements, including risks related to factors beyond the control of the Company.
Although Western Metallica Corp. believes that the assumptions and factors used
in preparing the forward -looking information in this news release are reasonable,
undue reliance should not be placed on such information, which only applies as of
the date of this news release, and no assurance can be given that such events will
occur in the disclosed ti me frames or at all. Western Metallica Corp. disclaims any
intention or obligation to update or revise any forward -looking information, whether
as a result of new information, future events or otherwise, other than as required
by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
This News Release contains forward-looking statements. In some cases, you can identify
forward-looking statements by terminology such as "may", "should", "expects", "plans",
"anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative
of these terms or other comparable terminology. These s tatements are only predictions
and involve known and unknown risks, uncertainties and other factors that may cause our
or our industry's actual results, levels of activity, performance or achievements to be
materially different from any future results, levels of activity, performance or achievements
expressed or implied by these forward-looking statements.
Although the Company believes that the assumptions and factors used in preparing the
forward-looking information in this news release are reasonable, und ue reliance should
not be placed on such information, which only applies as of the date of this news release.
The Company disclaims any intention or obligation to update or revise any forward -
looking information, whether as a result of new information, fut ure events or otherwise,
other than as required by law.