Core Viewpoint - Western Metallica Resources Corp. has amended its bridge financing to increase the amount to up to CDN230,000 already drawn down [1] Financing Details - The Amended Bridge Loan is classified as a "related party transaction" under MI 61-101, as the lender is a related party [2] - The company is relying on exemptions from valuation and minority shareholder approval requirements under MI 61-101 [2] Company Obligations - The company is expected to require additional financing to meet its obligations as they become due [3] Management Changes - Mr. Paul Pearson has resigned from the Board of Directors [4] Company Overview - Western Metallica is an Ontario registered company focused on mineral resource exploration and development, holding options for various projects including the Caña Brava copper-molybdenum project in Peru and the Nueva Celti Copper Property in Spain [5]
Western Metallica Announces Amended Bridge Financing and Director Resignation