Western Metals Corporation (OTCPK:WTLC) announces a share repurchase program. Under the program, the company will repurchase all of the issued and outstanding shares of common stock, other than the shares owned by parent, at a price of $0.44 per share in cash. The offer is subject to an anticipated Agreement and Plan of Merger by and among the company, LOTO Energy II, LLC and a California corporation to be formed as a wholly owned subsidiary of Parent.

The program is valid till August 10, 2022.