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Western Metallica Announces Acquisition Of Copper Assets In Peru

Aug 10, 2023•over 2 years ago

Acquiring Company

Western Metallica Resources

Acquired Company

Consolidated Copper

DubaiMineralMiningMineralNatural ResourcesPrecious MetalsMining

Description

Western Metallica Resources Corp. (TSXV: WMS) (“Western Metallica” or the “Company”) is pleased to announce that it has acquired all of the issued and outstanding shares of Consolidated Copper Corp. (“Consolidated Copper”) (the “Acquisition”) pursuant to a share purchase agreement dated August 10, 2023 (the “Agreement”). Consolidated Copper holds options to acquire 100% of the Caña Brava and Turmalina Projects, two highly prospective copper-molybdenum porphyry projects located in Northern Peru.

Company Information

Company

Western Metallica Resources

About

Western Metallica Resources Corp. is a mineral resource exploration company based in Ontario. The company holds several exploration properties, including the Nueva Celti Project in Spain. It is involved in the exploration of gold and copper resources. More information can be found at www.westernmetallicacorp.com

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed