Plata Latina Announces Shareholder Approval for the Acquisition of the Zonia Project and Concurrent Financing
Plata Latina Announces Shareholder Approval
for the Acquisition of the Zonia Project and
Concurrent Financing
VANCOUVER, BC
,
Oct. 16, 2025
/CNW/ -
Plata Latina Minerals Corporation
(TSXV:
PLA) ("
Plata Latina
" or the "
Company
") is pleased to announce that
Plata Latina
shareholders have
approved the resolutions put forth at the special meeting of shareholders held on
October 16, 2023
(the "
Plata Latina Meeting
") in relation to the previously announced transaction between
Plata
Latina
and World Copper Ltd. ("
World Copper
") pursuant to which
Plata Latina
will acquire the
Zonia Copper Project in
Arizona
from World Copper (the "
Transaction
").
In addition,
Plata Latina
is pleased to announce that shareholders of World Copper have approved
the Transaction at the special meeting of World Copper shareholders held on
October 16, 2025
.
At the Plata Latina Meeting:
(a)
the ordinary resolution approving the non-brokered private placement of up to 200,000,000 units consisting of one common share of Plata Latina ("
Plata Latina Share
") and
one-half of one warrant to acquire one Plata Latina Share, at a subscription price of C$0.10 per unit, including the issuance of a maximum of 85,000,000 units to current
insiders of the Company and their joint actors (the "
Concurrent Financing
"), was approved by 99.76% of the votes cast by shareholders at the Plata Latina Meeting and
99.49% of the votes cast by shareholders at the Plata Latina Meeting, excluding those required to be excluded under Multilateral Instrument 61-101 –
Protection of Minority
Security Holders in Special Transactions
;
(b)
the ordinary resolution approving the issuance of options to purchase Plata Latina Shares to the holders of certain specified World Copper options in exchange for such
options pursuant to the Transaction (the "
Replacement Option Issuance
") was approved by 99.76% of the votes cast by shareholders at the Plata Latina Meeting and
99.76% of the votes cast by shareholders at the Plata Latina Meeting, excluding those required to be excluded by the rules and policies of the TSX Venture Exchange;
(c)
the special resolution approving the change in Plata Latina's corporate name to "Edge Copper Corporation" or such other name as the board of directors of Plata Latina may in
its sole discretion determine, subject to regulatory approval (the "
Name Change
"), was approved by 100.00% of the votes cast by shareholders at the Plata Latina Meeting;
and
(d)
the special resolution approving the consolidation of all of the issued and outstanding Plata Latina Shares on the basis of up to three pre-consolidation Plata Latina Shares for
one post-consolidation Plata Latina Share, with any fractional Plata Latina Share resulting from the Consolidation rounded down to the nearest whole number (the "
Share
Consolidation
"), was approved by 99.21
%
of the votes cast by shareholders at the Plata Latina Meeting.
Transaction Update
Assuming all remaining conditions set out in the arrangement agreement between
Plata Latina
and
World Copper dated
July 22, 2025
are either satisfied or waived, including receipt of court approval
and the approval of the TSX Venture Exchange,
Plata Latina
expects that the closing date of the
Transaction and the Concurrent Financing will occur in late October, 2025.
The Name Change and the Share Consolidation are also subject to the approval of the TSX Venture
Exchange, however, closing of the Transaction and the Concurrent Financing is not conditional on the
completion of the Name Change or the Share Consolidation.
Plata Latina
anticipates implementing
the Name Change and the Share Consolidation immediately following closing of the Transaction and
the Concurrent Financing.
Complete details on the Transaction, Concurrent Financing, Replacement Option Issuance, Name
Change and Share Consolidation are included in the Joint Management Information Circular of
Plata
Latina
and World Copper dated
September 12, 2025
(the "
Joint Circular
"), filed on the Company's
SEDAR+ profile at
www.sedarplus.ca
.
About Plata Latina Minerals Corporation
Plata Latina Minerals Corporation is a growth-focused company that explores strategic opportunities
within the mining industry. Led by a highly experienced team with a proven track record in identifying,
optimizing, and growing businesses,
Plata Latina
aims to create long-term value through acquisitions,
partnerships, and other strategic transactions. With a strong cash balance and a 2% NSR,
Plata
Latina
is actively evaluating opportunities.
Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation that is based on current expectations, estimates, projections, and
interpretations about future events as at the date of this news release. Forward-looking information
includes, but is not limited to: the closing of the Transaction and Concurrent Financing, including the
satisfaction or waiver of the conditions to closing; receipt of court approval and the approval of the
TSX Venture Exchange in respect of the Transaction, the Concurrent Financing, the Replacement
Option Issuance, the Name Change and the Share Consolidation, as applicable; and information with
respect to the timing and completion of the Transaction, the Concurrent Financing, the Replacement
Option Issuance, the Name Change and the Share Consolidation and the expected outcomes of
completion thereof, including their anticipated benefits to
Plata Latina
shareholders. Generally,
forward-looking information can be identified by the use of forward-looking terminology such as
"anticipates" "appears", "believes", "expects" "will", or variations of such words and phrases or state
that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or
"be achieved".
Forward-looking information is based on the opinions and estimates of management at the date the
information is made, and is based on a number of assumptions and is subject to known and unknown
risks, uncertainties and other factors that may cause the actual results, level of activity, performance
or achievements of
Plata Latina
to be materially different from those expressed or implied by such
forward-looking information, including, without limitation, the expectations and beliefs of
Plata Latina
that the Transaction will be completed in accordance with the arrangement agreement dated
July
22, 2025
between
Plata Latina
and World Copper, that all required regulatory consents (including
the approval of the TSX Venture Exchange) and court and shareholder approvals will be obtained
and all other conditions to completion of the Transaction and the Concurrent Financing will be
satisfied or waived, risks associated with required regulatory approvals, as well as those risk factors
discussed in the Joint Circular and
Plata Latina's
annual information form for the year ended
December 31, 2024
, each available under the Company's profile on SEDAR+ at
www.sedarplus.ca
.
Plata Latina
cautions that the foregoing list of material factors and assumptions is not exhaustive.
Although
Plata Latina
has attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking information, there may be other factors that
cause results not to be as anticipated, estimated or intended. There can be no assurance that such
information will prove to be accurate, as actual results and future events could differ materially from
those anticipated in such information. Accordingly, readers should not place undue reliance on
forward-looking information.
Plata Latina
does not undertake to update any forward-looking
information, except in accordance with applicable securities laws.
Completion of the Transaction is subject to a number of conditions, including but not limited to,
acceptance by the TSX Venture Exchange. There can be no assurance that the Transaction will be
completed as proposed or at all. Investors are cautioned that, except as disclosed in the Joint
Circular, any information released or received with respect to the Transaction may not be accurate
or complete and should not be relied upon. Trading in the securities of
Plata Latina
should be
considered highly speculative.
The TSX Venture Exchange has in no way passed upon the merits of the Transaction or the
Concurrent Financing and has neither approved nor disapproved the contents of this news
release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
SOURCE
Plata Latina Minerals Corporation
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For further information:
For further information regarding Plata Latina, please contact: Patricia
Fong, Chief Financial Officer, Telephone: +1 800 933 9925, Email: [email protected]
CO: Plata Latina Minerals Corporation
CNW 14:08e 16-OCT-25