World Copper Closes 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-23-10 April 27, 2023
World Copper Closes Financing
FOR IMMEDIATE RELEASE...Vancouver, British Columbia: World Copper Ltd. ("World Copper" or
the "Company"; TSXV: WCU, OTCQX: WCUFF, FSE:7LY0) reports that pursuant to their news releases
dated March 8, 2023, March 30, 2023, March 31, 2023 and April 20, 2023, the Company has closed their
financing issuing an aggregate total of 11,306,667 units for gross proceeds of $2,035,200.06.
On April 27, 2023, the Company closed the second and final tranche of the financing, issuing 3,332,323
units for gross proceeds of $599,817.94. Each unit consists of one common share (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 $0.30
per share.
There was no insider participation in the final tranche closing . Insider participation in the first tranche
included Hendrik van Alphen, Director and Chairman as to 1,125,000 units and Nolan Peterson, CEO &
President as to 100,000 units . Th ese transactions constitute a "related party transaction" as such term is
defined under Multilateral Instrument 61- 101 – Protection of Minority Security Holders in Special
Transactions ("MI 61 -101”). The Company is relying on the exemptions from the formal valuation and
minority approval requirements under MI 61- 101. The Company is exempt from the formal valuation and
minority approval requirements of MI 61-101 in reliance on sections 5.5(a) and 5.7(1)(a) of MI 61-101 as
the fair market value of the transaction, insofar as it involves interested parties, is not more than the 25%
of the Company's market capitalization.
Finder’s fees in the second tranche were paid to Canaccord Genuity Corp. ($756.00 and 4,200 finder’s
warrants). All finder’s warrants issued pursuant to the placement are non-transferable and exercisable at
$0.30 for two years from closing.
All securities issued in the Offering have a four-month plus one day hold period, during which time the
securities may not be traded. Closing of the Offering is subject to the final acceptance of the TSXV.
The net proceeds from the Offering are intended for general working capital and development costs.
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.
World Copper Ltd. - 2 - April 27, 2023
NR-23-10 Continued
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 resources 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.
On Behalf of the Board of Directors of
WORLD COPPER LTD.
"Nolan Peterson"
Nolan Peterson
Chief Executive Officer and President
For further information, or to schedule a Zoom meeting with Management, please contact:
Nolan Peterson or Michael Pound
Phone: 604-638-3287
E-mail: [email protected]
For all Investor Relations inquiries, please contact:
John Liviakis
Liviakis Financial Communications Inc.
Phone: 415-389-4670
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 his torical 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
World Copper Ltd. - 3 - April 27, 2023
NR-23-10 Continued
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 gener al 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 governme ntal 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
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 incor porated by reference herein,
except as otherwise required by law.