November 1, 2021
World Copper Ltd. (TSXV:WCU, Not Rated, Taylor Combaluzier) announced that it has closed its previously announced, third and final tranche of its non-brokered private placement. The company issued ~10.47M units for gross proceeds of ~C$4.2M in this final tranch, and a total of 16.2M units for total gross proceeds of ~C$6.5M across all three tranches. Each unit in this tranche offering consists of one common share and one-half of one common share warrant entitling the holder to acquire a common share at a price of $0.60/sh. The company has outlined that net proceeds from the offering are intended to be used for exploration activities at its 100%-owned Escalones and Cristal projects, and for working capital purposes. A 5,000m drilling program is slated to begin at Escalones to expand the ~3.5B lb Cu inferred resource base (read more) in Q4/21. Read more
