- 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.