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World Copper (TSXV:WCU) announces $1.25M private placement

 John Ballem John Ballem , The Market Herald Canada
0 Comments| March 8, 2023

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  • World Copper (WCU) has announced a non-brokered private placement for gross proceeds of up to $1,250,000
  • The company will issue up to 6,944,444 units for $0.18 per unit
  • World Copper is a Canadian resource company developing copper porphyry projects in Chile and Arizona
  • World Copper Ltd. (WCU) opened trading at C$0.18

World Copper (WCU) has announced a non-brokered private placement for gross proceeds of up to $1,250,000.

Under the offering, the company will issue up to 6,944,444 units priced at $0.18 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional share at a price of $0.30 for a period of two years.

All securities issued will be subject to a statutory four-month hold period.

Net proceeds from the offering will be used for general working capital and development costs.

About World Copper Ltd.

World Copper is a Canadian resource company focused on the exploration and development of its copper porphyry projects: Escalones and Cristal in Chile and Zonia in Arizona.

World Copper Ltd. (WCU) opened trading at C$0.18.




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