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World Copper Ltd (2)
Symbol WCU
Shares Issued 233,358,567
Close 2025-02-14 C$ 0.055
Market Cap C$ 12,834,721
Recent Sedar Documents

World Copper closes private placement, ATM offering

2025-02-14 18:50 ET - News Release

Mr. Gordon Neal reports

PROVIDES ATM QUARTERLY REPORT

Pursuant to the news release dated Nov. 27, 2024, World Copper Ltd. has closed its non-brokered private placement, issuing 2,837,500 units at a price of eight cents per unit for gross proceeds of $227,000. Each unit consists of one common share of the company and one common share purchase warrant, entitling the holders to acquire one additional share of the company for a period of three years from the date of issuance at a price of 16 cents per share.

Finders' fees were paid to SPC Resource Finance LP ($700 and 8,750 finder warrants) and Canaccord Genuity Corp. ($7,000 and 87,500 finder warrants). Finder warrants are non-transferable; otherwise, they have the same terms as the subscribers.

All securities issued in the offering are subject to a four-month hold period expiring on June 15, 2025.

Closing of the offering is subject to TSX Venture Exchange acceptance.

Net proceeds from the offering will be used for general working capital and Zonia work programs.

At-the-market quarterly report

The company also reports that, in accordance with the policies of the TSX Venture Exchange, and further to the at-the-market offering of shares made pursuant to the prospectus supplement dated July 17, 2024, World Copper issued 20,664,000 common shares and raised gross proceeds of $1,340,203 pursuant to ATM distributions during the period from Sept. 30, 2024, to Dec. 31, 2024. Bank of Montreal received fees of $40,206 during the period.

About World Copper Ltd.

World Copper, headquartered in Vancouver, B.C., is a Canadian resource company focused on the exploration and development of its copper porphyry projects: Escalones in Chile and Zonia in Arizona. Two of these projects have estimated resources with significant soluble copper mineralization, and each has additional copper porphyry targets with exciting potential to expand the resource base.

We seek Safe Harbor.

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