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World Copper Arranges $4.0 Million Non-Brokered Private Placement and, Retains Liviakis Financial Communications to Provide IR Services
Vancouver, British Columbia--(Newsfile Corp. - September 7, 2021) - World Copper Ltd. (TSXV: W...
About this update from World Copper Ltd
[{"type":"text","content":"World Copper Arranges $4.0 Million Non-Brokered Private Placement and, Retains Liviakis Financial Communications to Provide IR ServicesVancouver, British Columbia--(Newsfile Corp. - September 7, 2021) - World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (\"World Copper\" or the \"Company\") announces a non-brokered private placement (the \"Placement\") of up to 10,000,000 units (the \"Units\") at a price of $0.40 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 $0.60 per share. The expiry 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 $1.00 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 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 exploration of the Escalones and Cristal properties in Chile and, general working capital.The Company further announces that subject to the acceptance of the TSX Venture Exchange, it has entered into an agreement with Liviakis Financial Communications Inc. (\"Liviakis Financial\") whereby Liviakis will provide investor relations services to the Company.The agreement and a subsequent amending agreement, provides that Liviakis Financial will make available its Chief Executive Officer, Mr. John Liviakis, to provide investor relations services to the Company during the term of the agreement, for which the Company will pay to Liviakis Financial from its working capital a monthly cash fee of USD20,000. The term of the agreement is 36 months and can be terminated by either party after 12 months. Assuming that the contract runs its full term of 36 months, th...