World Copper Ltd. announced a non-brokered private placement of up to 57,142,858 units at a price of CAD 0.07 per unit for gross proceeds of up to CAD 4,000,000.06 on February 27, 2024. Each unit will consist of one common share and one-half common share purchase warrant. Each whole warrant entitles the holder to acquire one additional share for a period of two years from the date of issuance at a price of CAD 0.17.

The transaction will include participation from insiders of the company. The company may pay finders' fees 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.

The closing of the offering is subject to the approval of the TSX-V.