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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