Business
Silicon Metals Corp. Announces Appointment of New Director
Vancouver, British Columbia--(Newsfile Corp. - April 9, 2026) - SILICON METALS CORP. (CSE: SI) (OTC Pink: SLCNF) (FSE: X6U) ("Silicon Metals" or the "Company") is pleased to announce that it has appointed Mr. Aeron Kawakami to its board of directors and the Audit Committee of the Company. Mr. Kawakami has over a decade of experience in institutional finance as well as early stage public companies. Mr. Kawakami is a former Director of Quebec Innovative Materials Corp. (QIMC), and former CFO and..
About this update from Shoulder Innovations, Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - April 9, 2026) - SILICON METALS CORP. (CSE: SI) (OTC Pink: SLCNF) (FSE: X6U) ("Silicon Metals" or the "Company") is pleased to announce that it has appointed Mr. Aeron Kawakami to its board of directors and the Audit Committee of the Company. Mr. Kawakami has over a decade of experience in institutional finance as well as early stage public companies. Mr. Kawakami is a former Director of Quebec Innovative Materials Corp. (QIMC), and former CFO and Director of Tarachi Gold Corp. He currently holds a financial management role with RBC Wealth Management. He is a CFA charterholder and a member of the CFA Society Vancouver.","length":693,"tagName":"p"},{"type":"text","content":"The Company also announces that it has agreed to issue an aggregate of 245,614 common shares to settle debt of $35,000 to certain Directors of the Company at a deemed price of $0.1425, for amounts owed by the Company for unpaid services (the "Debt Settlement").","length":271,"tagName":"p"},{"type":"text","content":"Accordingly, the portion of the Debt Settlement with the Directors constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The issuance of the Shares to the Directors is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5(b) as the Company's Shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.7(1)(a) as the value of the Shares being issued under the Debt Settlement does not exceed 25% of the Company's market capitalization.","length":737,"tagName":"p"},{"type":"text","content":"All securities issued in connection with the Debt Settlement will be subject to a statutory hold period expiring four months and one day after the date of issuance, as set out in National Instrument 45‐102 - Resale of Securities.","length":229,"tagName":"p"},{"type":"text","content":"About Silicon Metals Corp.","length":26,"tagName":"p"},{"type":"text","content":"Silicon Metals Corp. is currently focused on exploration and development in Canada, namely British Columbia and Ontario. The Company...