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Power Metals Corp(PWRMF)
OTC US

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WINSOME INCREASES STAKE IN POWER METALS TO 19.59% THROUGH ACQUISITION OF TWO STRATEGIC PROPERTIES

Newswire.ca - Thu Aug 24, 2023

VANCOUVER, BC, Aug. 24, 2023 /CNW/ - Power Metals Corp. ("Power Metals" or the "Company") (TSX VENTURE: PWM) (FRANKFURT: OAA1) (OTCQB: PWRMF)ย is pleased to announce that it has entered into an agreement with Winsome Resources Limited ("Winsome")(ASX:WR1) to acquire (the "Acquisition") a 100% interest in Winsome's Decelles and Mazerac projects located in Quebec. Upon closing of the Acquisition, it is anticipated that Winsome will own approximately 19.59% of the outstanding shares. Winsome currently owns approximately 9.94% of the outstanding common shares of the Company.

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