• World Copper (WCU) has announced a non-brokered private placement for gross proceeds of up to $2,500,000
  • The company will issue up to 8,333,333 units priced at $0.30 per unit
  • The net proceeds will be used for exploration and development and for general working capital
  • World Copper is a Canadian resource company focused on the exploration and development of its copper porphyry projects in Chile and Arizona
  • World Copper Ltd. (WCU) opened trading at C$0.32

World Copper (WCU) has announced a non-brokered private placement for gross proceeds of up to $2,500,000.

The company will issue up to 8,333,333 units priced at $0.30 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional share for a period of two years.

Warrants are subject to an acceleration clause.

The net proceeds will be used for exploration and development and for general working capital.

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$0.32.

More From The Market Online

Usha Resources begins phase 4 fieldwork at White Willow Project

Usha Resources (TSXV:USHA) has begun the fourth phase of fieldwork at its White Willow Lithium Project in Ontario following phase 3 work.

Organigram looks to raise capital as cannabis stocks surge

Organigram (TSX:OGI), one of Canada's first cannabis stocks, announces an overnight marketed public offering of units for up to C$25 million.