Western Metals Corporation
Western Metals Corporation is a California corporation originally organized in 1980 under the name Coastcast Corporation. In November 2004 the company's name was changed to Western Metals Corporation. Between 2005 and 2008, the company did not have any significant business operations and wound down liabilities remaining from its prior business. In May 2007, the company entered into an Asset Purchase Agreement with LOTO Energy II, LLC for the purchase of the two natural gas wells in California which the company currently operates. Following shareholder approval, the company concluded its acquisition of the gas wells, in February 2008. The ownership and operation of the two natural gas wells is the company's sole business activity.