Source: World Copper Ltd.
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  • World Copper (WCU) has closed the first tranche of its $2.5M private placement
  • Under the first tranche, the company issued 4,264,414 units for gross proceeds of $1,279,324.20
  • 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) is unchanged on the day, trading at C$0.30 per share at 4:15 pm ET

World Copper (WCU) has closed the first tranche of its previously announced $2.5M private placement.

Under the first tranche, the company issued 4,264,414 units for gross proceeds of $1,279,324.20. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles 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) is unchanged on the day, trading at C$0.30 per share at 4:15 pm ET.


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