World Copper Arranges $4.0 Million Financing
**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO
UNITED STATES NEWS WIRE SERVICES**
#2710-200 Granville Street
Vancouver, BC, Canada, V6C 1S4
T: 604-638-3287 / F: 604-408-7499
www.worldcopperltd.com
NR-24-02 February 27, 2024
World Copper Arranges $4.0 Million Financing
FOR IMMEDIATE RELEASE...Vancouver, British Columbia: World Copper Ltd. ("World Copper" or
the " Company"; TSXV: WCU, OTCQX: WCUFF, FRA:7LY0) announces a non- brokered private
placement (the “Placement”) of up to 57,142,858 units (the "Units") at a price of $0.07 per Unit (the
"Offering") for gross proceeds of up to $4,000,000. Each Unit will consist of one common share of the
Company (a "Share") and one -half of one common share purchase warrant (a "Warrant"). Each whole
Warrant entitles the holder to acquire one additional share of the Company for a period of two years from
the date of issuance at a price of $0. 17 per share. The e xpiry of the Warrants may be accelerated if the
closing price of the Company’s common shares on the TSX Venture Exchange (“TSXV”) is equal to or
greater than $0.30 for a minimum of twenty consecutive trading days and a notice of acceleration is
provided in accordance with the terms of the Warrants.
Insiders may participate and finders’ fees may be payable to qualified arm's length parties that have
introduced the Company to certain subscribers participating in the Offering. All securities issued in the
Offering are subject to a four- month hold period, during which time the securities may not be traded.
Closing of the Offering is subject to the approval of the TSXV.
The net proceeds from the Offering are intended for general working capital and partial repayment of debt.
This press release does not constitute an offer of sale of any of the foregoing securities in the United States.
None of the foregoing securities have been and will not be registered under the U.S. Securities Act of 1933,
as amended (the “1933 Act”) or any applicable state securities laws and may not be offered or sold in the
United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933
Act) or persons in the United States absent registration or an applicable exemption from such registration
requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor
will there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful.
ABOUT WORLD COPPER LTD.
World Copper Ltd., headquartered in Vancouver, BC, 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. Two of these projects have estimated resou rces with significant soluble copper mineralization,
and each has additional copper porphyry targets with exciting potential to expand the resource base.
Detailed information is available at World Copper's website at www.worldcopperltd.com, and for general
Company updates you may follow us on our social media pages via Facebook, Twitter & LinkedIn.
World Copper Ltd. - 2 - February 27, 2024
NR-24-02 Continued
On Behalf of the Board of Directors of
WORLD COPPER LTD.
"Gordon Neal "
Gordon Neal
Chief Executive Officer and President
For further information, or to schedule a Zoom meeting with Management, please contact:
Gordon Neal or Michael Pound
Phone: 604-638-3287
E-mail: [email protected]
For all Public Relations inquiries, please contact:
Nancy Thompson
Vorticom, Inc.
Office: 212-532-2208 | Mobile: 917-371-4053
Follow Us:
Twitter: https://twitter.com/WorldCopperLtd
Facebook: https://www.facebook.com/WorldCopperLtd
LinkedIn: https://www.linkedin.com/company/worldcopperltd
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward -looking statements and forward- looking information (collectively, “forward -
looking statements”) within the meaning of applicable Canadian and U.S. securities legislation, including the United
States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact,
included herein including, without limitation, statements with respect to the anticipated business plans and timing of
future activities of the Company, are forward- looking statements. Although the Company believes that such
statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking
statements are typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”,
“plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and
similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur
or be taken or achieved. In making the forward- looking statements in this news release, the Company has applied
several material assumptions, including without limitation, that market fundamentals will result in sustained copper
and precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in
connection with the future development of the Company’s projects in a timely manner, the availability of financing on
suitable terms for the development, construction and continued operation of the Company’s projects and the
Company’s ability to comply with environmental, health and safety laws.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to differ materially from any future results, performance
or achievements expressed o r implied by the forward- looking information. Such risks and other factors include,
among others, requirements for additional capital, actual results of exploration activities, including on the Escalones
Project and the Cristal Project, the reasonability of the economic assumptions at the basis of the results of the PEA
for the Zonia Project, the estimation or realization of mineral reserves and mineral resources, future prices of copper,
changes in general economic conditions, changes in the financial markets and in the demand and market price for
commodities, lack of investor interest in the Private Placement, accidents, labour disputes and other risks of the
mining industry, delays in obtaining governmental approvals (including acceptance of the Private Placement by the
TSXV), permits or financing or in the completion of development or construction activities, risks relating to epidemics
or pandemics, including the impact of an epidemic or pandemic on the Company's business, financial condition and
World Copper Ltd. - 3 - February 27, 2024
NR-24-02 Continued
results of operations, changes in laws, regulations and policies affecting mining operations, title disputes, the timing
and possible outcome of any pending litigation, environmental issues and liabilities, as well as the risk factors
described in the Company's annual and quarterly management's discussion and analysis and in other filings made by
the Company with Canadian securities regulatory authorities under the Company's profile at www.sedar.com .
Readers are cautioned not to place undue reliance on forward- looking statements. The Company undertakes no
obligation to update any of the forward -looking statements in this news release or incorporated by reference herein,
except as otherwise required by law.