Business
World Copper Provides Update on Spin-Out Transaction
Vancouver, British Columbia--(Newsfile Corp. - May 25, 2026) - World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (FSE: 7LY) ("World Copper" or the "Company") announces that, further to the Company's news release dated May 19, 2026, the Company has received TSX Venture Exchange ("TSXV") conditional acceptance for the previously announced spin-out transaction (the "Spin-Out") which is intended to be completed by way of a court-approved plan of arrangement (the "Arrangement") under the Business...
About this update from World Copper Ltd
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - May 25, 2026) - World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (FSE: 7LY) ("World Copper" or the "Company") announces that, further to the Company's news release dated May 19, 2026, the Company has received TSX Venture Exchange ("TSXV") conditional acceptance for the previously announced spin-out transaction (the "Spin-Out") which is intended to be completed by way of a court-approved plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia). The Spin-Out involves the spin-out all of the Company's interests in its Chilean subsidiaries, along with certain assets and liabilities of the Company, to a wholly owned subsidiary of the Company ("Spinco") in consideration for common shares in the capital of Spinco ("Spinco Shares") to be distributed to Company shareholders (the "Shareholders").","length":966,"tagName":"p"},{"type":"text","content":"Shareholder Meeting","length":19,"tagName":"p"},{"type":"text","content":"The Company's annual general and special meeting of Shareholders (the "Meeting") is scheduled to be held at 320 Granville Street, Suite 880, Vancouver, British Columbia, Canada on June 18, 2026, at 9:00 a.m. (Vancouver time). Meeting materials (the "Meeting Materials"), including the notice of meeting and management information circular, will be mailed to Shareholders and are available on World Copper's SEDAR+ profile at www.sedarplus.ca. Shareholders are urged to carefully review all Meeting Materials as they contain important information concerning the Arrangement, the transactions contemplated in connection therewith and the rights and entitlements of Shareholders in relation thereto.","length":724,"tagName":"p"},{"type":"text","content":"As described in the Meeting Materials, in additional to annual shareholder matters Shareholders will be asked at the Meeting to approve: (i) the Arrangement; and (ii) the consolidation of World Copper's issued and outstanding common shares on the basis of twenty (20) pre-consolidation common shares for one (1) post-consolidation common share (the "Consolidation").","length":380,"tagName":"p"},{"type":"text","content":"Arrangement Agreement Amendment","length":31,"tagName":"p"...