WORLD COPPER LTD. ("WCU")
BULLETIN TYPE: Private Placement - Non-Brokered
BULLETIN DATE: May 1, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 8, 2023; March 30, 2023; March 31, 2023; and April 20, 2023:
Number of Shares: 11,306,667 common share units ("Units"), each Unit consisting of one common share in the capital of the Company ("Share") and one-half of one Share purchase warrant ("Warrant").
Purchase Price: $0.18 per Unit.
Warrants: 5,653,335 whole Warrants to purchase 5,653,335 Shares.
Warrant Price: $0.30 exercisable for a period of two years from the date of issuance.
Number of Placees: 32 placees
Insider / Pro Group Participation:
Insider= Y /
Name Pro Group= P Number of Units
Aggregate Existing Insider Involvement:
[2 Insiders] Y 1,225,000
Aggregate Pro Group Involvement: N/A N/A
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Finder Warrants
Finder's Fee: $6,569.50 N/A 36,497 Warrants
Finder Warrants are non-transferable and may be exercised by the holder thereof at a price of $0.30 per Finder Warrant for a period of two years from the date of issuance.
The Company issued a news release on April 27, 2023 that confirmed the closing of the Private Placement. Note that in certain circumstances the Exchange may later extend the expiry date of the Warrants, if they are less than the maximum permitted term.
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