Ms. Patricia Fong reports
PLATA LATINA ANNOUNCES RECEIPT OF INTERIM ORDER BY WORLD COPPER AND MAILING OF MEETING MATERIALS FOR ACQUISITION OF THE ZONIA COPPER PROJECT
Plata Latina Minerals Corp. vendor World Copper Ltd. has been granted an interim order from the Supreme Court of British Columbia authorizing various matters, including the holding of a special meeting of World Copper shareholders to consider the previously announced transaction between Plata Latina and World Copper, pursuant to which Plata Latina will acquire the Zonia copper project in Arizona from World Copper, and the mailing of the joint management information circular of Plata Latina and World Copper.
As described in the joint circular, Plata Latina will be holding a special meeting of Plata Latina shareholders to seek approval for:
(a) The non-brokered private placement of up to 200 million units consisting of one common share of Plata Latina and one-half of one warrant to acquire one Plata Latina share, at a subscription price of 10 cents per unit, including the issuance of a maximum of 85 million units to current insiders of the company and its joint actors;
(b) The issuance of options to purchase Plata Latina shares to the holders of certain specified World Copper options in exchange for such options pursuant to the transaction;
(c) The change in Plata Latina's corporate name to "Edge Copper Corp." or such other name as the board of directors of Plata Latina may in its sole discretion determine (subject to regulatory approval);
(d) The consolidation of all of the issued and outstanding Plata Latina shares on the basis of up to three preconsolidation Plata Latina shares for one postconsolidation Plata Latina share.
The Plata Latina meeting will be held on Oct. 16, 2025, at 9:30 a.m. (Vancouver time) at 700, 401 West Georgia St., Vancouver, B.C., Canada, V6B 5A1. Plata Latina shareholders of record as of the close of business on Aug. 26, 2025, are eligible to vote.
The concurrent financing is subject to the approval of a majority of the votes cast by Plata Latina shareholders at the Plata Latina meeting, excluding votes cast by persons required to be excluded under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. In addition to disinterested shareholder approval, the completion of the concurrent financing is subject to customary closing conditions, including approval of the TSX Venture Exchange and the substantially concurrent closing of the transaction.
The replacement option issuance must be approved by a simple majority of the votes cast by Plata Latina shareholders at the Plata Latina meeting or any adjournment or postponement thereof, excluding the votes cast by persons required to be excluded by the rules and policies of the TSX Venture Exchange.
The name change and the share consolidation are subject to, among other conditions, the approval of two-thirds of the votes cast by Plata Latina shareholders at the Plata Latina meeting and the approval of the TSX Venture Exchange. Plata Latina anticipates implementing the name change and the share consolidation immediately following closing of the transaction and the concurrent financing. All references in this news release to Plata Latina shares refer to Plata Latina shares on a preshare-consolidation basis. Closing of the transaction and the concurrent financing is not conditional on the completion of the name change or the share consolidation.
The board of directors of Plata Latina has unanimously recommended that Plata Latina shareholders vote "for" the concurrent financing, replacement option issuance, name change and share consolidation. Directors and officers and certain shareholders of Plata Latina, holding approximately 43 per cent of the outstanding Plata Latina shares, have entered into a voting and support agreement with World Copper pursuant to which they have agreed to vote their Plata Latina shares in favour of the concurrent financing, replacement option issuance, name change and share consolidation.
The joint circular is being mailed today to Plata Latina shareholders and will be available under Plata Latina's profile on SEDAR+. Plata Latina shareholders are encouraged to read the joint circular in detail. Your vote is important. Please vote today.
In addition to shareholder and court approvals, the completion of the transaction is subject to customary closing conditions, including approval of the TSX Venture Exchange and completion of the concurrent financing. Subject to the satisfaction of these conditions, the transaction and the concurrent financing are expected to close in October, 2025.
About Plata Latina Minerals Corp.
Plata Latina Minerals is a growth-focused company that explores strategic opportunities within the mining industry. Led by a highly experienced team with a proven record in identifying, optimizing and growing businesses, Plata Latina aims to create long-term value through acquisitions, partnerships and other strategic transactions. With a strong cash balance and a 2-per-cent net smelter returns royalty, Plata Latina is actively evaluating opportunities.
We seek Safe Harbor.
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