Edmonton, Alberta--(Newsfile Corp. - July 7, 2026) - Westmount Minerals Corp. (CSE: WMC) ("Westmount") announces that, further to its news release dated June 18, 2026, Westmount will consolidate its common shares (the "Shares") on the basis of four (4) pre-consolidation Shares for one (1) post-consolidation Share (the "Consolidation") effective July 13, 2026. The board of directors has also approved, pursuant to the Company's Articles, changing the Company's name from "Westmount Minerals Corp." to "Wayfinder Metals Corp.".
Westmount currently has 50,909,001 Shares issued and outstanding, and immediately following the Consolidation, Westmount will have approximately 12,727,251 Shares issued and outstanding. No fractional shares will be issued as a result of the Consolidation and any fractional shares resulting from the Consolidation will be rounded up or down to the nearest whole Share. Westmount's outstanding convertible securities will be adjusted on the same basis (4:1) to reflect the Consolidation in accordance with their respective terms with proportionate adjustments to be made to the exercise prices.
The Company's post-Consolidation common shares are expected to commence trading on the Canadian Securities Exchange ("CSE") under its new name, while retaining its existing trading symbol, "WMC", on or about July 13, 2026. The post-Consolidation common shares will trade under the new CUSIP number 94420C108 and new ISIN CA94420C1086.
A letter of transmittal will be provided to registered shareholders holding certificates or direct registration statements outlining the process for exchanging their pre-Consolidation shares for post-Consolidation shares. Shareholders who hold their shares through a broker or other intermediary will have their accounts automatically updated in accordance with the intermediary's procedures.
The Offering
After completion of the Consolidation and Name Change, Westmount then proposes to complete a non-brokered private placement of up to 8,370,175 units (the "Units") at a price of $0.12 per Unit, to raise gross proceeds of up to $1.005M. Each Unit will consist of one (1) common share of Westmount and one-half of a share purchase warrant (each whole share purchase warrant, a "Warrant"). Each Warrant will be exercisable to acquire one additional common share at an exercise price of $0.20 per share for a period of two (2) years from the date of closing of the Offering. The terms of the Offering are subject to satisfactory notice to the CSE. No finder's fees are expected to be paid in connection with this Offering.