- World Copper (WCU) has announced a non-brokered private placement for gross proceeds of up to $4,000,000
- The proceeds from the offering will help fund exploration of the Escalones and Cristal properties in Chile
- The company has also entered into an agreement with Liviakis Financial Communications Inc. for investor relations services
- World Copper Ltd. is a Canadian mining company focused on the exploration and development of its copper porphyry projects in Chile and Arizona
- World Copper Ltd. (WCU) is down 5.38 per cent, trading at C$0.44 per share at 3:45 pm ET
World Copper (WCU) has announced a non-brokered private placement for gross proceeds of up to $4,000,000.
The corporation will issue up to 10,000,000 units at a price of $0.40 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 for a period of two years from the date of issuance at a price of $0.60 per share.
The proceeds from the offering will help fund exploration of the Escalones and Cristal properties in Chile and, general working capital.
The company has also announced that it has entered into an agreement with Liviakis Financial Communications Inc. Liviakis will provide investor relations services to World Copper. The company will pay Liviakis Financial a monthly cash fee of US$20,000. The term of the agreement is 36 months and can be terminated by either party after 12 months. Assuming that the contract runs its full term of 36 months, Liviakis Financial will receive US$720,000 from World Copper.
Liviakis Financial has experience with providing investor relations services to junior public companies.
World Copper Ltd. is a Canadian mining company focused on the exploration and development of its copper porphyry projects in Chile and Arizona.
World Copper Ltd. (WCU) is down 5.38 per cent, trading at C$0.44 per share at 3:45 pm ET.
