- 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.
