World Copper, all cashed up with rigs set to roll, permits pending.
Tight Lines My Fellow Copper Hoppers!
Targill World Copper holder Kopple acquires 16.53 million units
2024-05-01 18:13 ET - News Release
Mr. Erich Kopple, trustee for the Robert and Carole Kopple Grandchildren's Trust, reports
EARLY WARNING PRESS RELEASE
Erich Kopple and Jordan Greenhut, as trustees for the Robert and Carole Kopple Grandchildren's Trust, dated Dec. 28, 2007, have made the following disclosure in accordance with National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting) and National Instrument 62-104 (Take-Over Bids and Issuer Bids).
The Acquiror advises that on April 26, 2024, World Copper Ltd. (the "Company") closed the second tranche of its non-brokered private placement (the "Offering") through the issuance of 16,531,957 Units (each, a "Unit"), at a subscription price of $0.07 per Unit for gross proceeds of $1,157,237. Each Unit consists of one common share (each, a "Common Share") in the capital of the Company and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"), with each Warrant entitling the holder thereof to purchase one Common Share in the capital of the Company at an exercise price of $0.17 per Common Share for a period of two years from the date of issuance.
Pursuant to the closing of the second tranche of the Offering, the Acquiror acquired beneficial ownership of, and control and direction over, 16,531,957 Units for a purchase price of $1,157,237 (the "Acquisition"). The Acquisition did not take place on a stock exchange or other market that represents a published market for securities.
Immediately prior to the completion of the Acquisition, the Acquiror beneficially owned and had control and direction over 12,014,436 Common Shares representing approximately 6.75% of the then issued and outstanding Common Shares. As a result of the Acquisition, the Acquiror beneficially owns and has control and direction over 28,546,393 Common Shares and 8,265,979 Warrants, representing approximately 14.67% (18.15% on a partially diluted basis) of the currently issued and outstanding Common Shares. The change in the Acquiror's security holding percentage is 7.92% (11.40% on a partially diluted basis) of the issued and outstanding Common Shares.
The Acquiror acquired the Units for investment purposes. However, the Acquiror will review its holdings from time to time and may, in the future, increase or decrease its ownership or control over securities of the Company as circumstances dictate.
The Acquiror will file an early warning report under the Company's profile on the SEDAR+ website at www.sedarplus.ca. A copy of the early warning report can also be obtained from 1520 Tower Grove Drive, Beverly Hills, California, 90210, Attn.: Nataly Berookhim (Phone: 310-860-9797).
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