Business
Latin Metals Provides Spin-Out Transaction Update and Files Technical Report for Para Project
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About this update from Latin Metals Inc
[{"type":"text","content":"Latin Metals Provides Spin-Out Transaction Update and Files Technical Report for Para Project\nNot for distribution to United States newswire services or for release, publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States. VANCOUVER, British Columbia, Dec. 18, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. (\"Latin Metals\" or the \"Company\") - (TSXV: LMS, OTCQB: LMSQF), is pleased to announce that, further to the Company's news release dated December 9, 2025, it has obtained an interim order (the \"Interim Order\") of the Supreme Court of British Columbia in connection with the previously announced spin-out transaction (the \"Spin-Out\") of the Company's Para Copper Project (the \"Para Project\") and Auquis Copper Project (the \"Auquis Project\") into Latin Explore Inc., a wholly owned subsidiary of the Company (\"Latin Explore\"), which is to be completed by way of a court-approved plan of arrangement under the provisions of the Business Corporations Act (British Columbia) (the \"Arrangement\"). The Interim Order provides for the holding of a special meeting (the “Meeting”) of Latin Metals shareholders (\"Shareholders\") to consider and vote on, among other things, a special resolution approving the Arrangement (the \"Arrangement Resolution\"). Special Meeting of Shareholders The Meeting is scheduled to be held at 320 Granville Street, Suite 880, Vancouver, British Columbia, Canada on January 14, 2026, at 9:30 a.m. (Vancouver time) and the record date for determining Shareholders entitled to receive notice of and vote at the Meeting was fixed as at the close of business on December 8, 2025. Latin Metals will be mailing the management information circular of the Company (the \"Circular\"), letter of transmittal and related meeting materials (collectively, the “Meeting Materials”) to Shareholders. Shareholders are urged to carefully review all Meeting Materials as they contain important information concerning the Arrangement, the transactions contemplated in connection therewith and the rights and entitlements of Shareholders in relation thereto. The Meeting Materials will also be available under Latin Metals' profile on SEDAR+ at www.sedarplus.ca once and on the Company's website. As described in the Circular, i...