02:53:45 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



World Copper Ltd (2)
Symbol WCU
Shares Issued 178,022,110
Close 2024-04-22 C$ 0.115
Market Cap C$ 20,472,543
Recent Sedar Documents

World Copper investor KF's holdings rise to 16.4%

2024-04-22 18:21 ET - News Release

Subject: World Copper Ltd. / KF Business Ventures, LP - News Release PDF Document

File: Attachment WCU - Early Warning Press Release_KFBV (19Apr24 final)(2255767.1).pdf

Early Warning Press Release

Vancouver, British Columbia, April 19, 2024: KF Business Ventures, LP (the "Acquiror"), makes the following announcement in accordance with National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting and National Instrument 62-104 Take-Over Bids and Issuer Bids. Robert C. Kopple, EL II Properties Trust and Kopple Family Limited Partnership may be considered "joint actors" with the Acquiror.

The Acquiror advises that on April 12, 2024, World Copper Ltd. (the "Company") closed the first tranche of its non-brokered private placement (the "Offering") through the issuance of 53,015,112 Units (each, a "Unit"), at a subscription price of $0.07 per Unit for gross proceeds of $3,711,058. Each Unit consists of one common share (each, a "Common Share") in the capital of the Company and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"), with each Warrant entitling the holder thereof to purchase one Common Share in the capital of the Company at an exercise price of $0.17 per Common Share for a period of two years from the date of issuance.

Pursuant to the closing of the first tranche of the Offering, the Acquiror acquired beneficial ownership of, and control and direction over, 14,285,714 Units for a purchase price of $1,000,000 (the "Acquisition"). The Acquisition did not take place on a stock exchange or other market that represents a published market for securities.

Immediately prior to the completion of the Acquisition, the Acquiror beneficially owned and had control and direction over 14,904,695 Common Shares and 200,000 stock options representing approximately 11.92% (12.06% on a partially diluted basis) of the then issued and outstanding Common Shares. As a result of the Acquisition, the Acquiror beneficially owns and has control and direction over 29,190,409 Common Shares, 200,000 stock options and 7,142,857 Warrants, representing approximately 16.40% (19.71% on a partially diluted basis) of the currently issued and outstanding Common Shares. The change in the Acquiror's security holding percentage is 4.48% (7.65% on a partially diluted basis) of the issued and outstanding Common Shares.

The Acquiror acquired the Units for investment purposes. However, the Acquiror will review its holdings from time to time and may, in the future, increase or decrease its ownership or control over securities of the Company as circumstances dictate.

The Acquiror will file an early warning report under the Company's profile on the SEDAR+ website at www.sedarplus.ca. A copy of the early warning report can also be obtained from 1520 Tower Grove Drive, Beverly Hills, California, 90210, Attn.: Nataly Berookhim (Phone: 310-860-9797).

The Company's head office is located at #1570 200 Burrard Street, Vancouver, British Columbia, Canada, V6C 3L6.

For more information, contact:

KF Business Ventures, LP 1520 Tower Grove Drive Beverly Hills, California 90210 Attn: Robert C. Kopple, President of Kopple Financial, Inc., its General Partner Phone: 1 (310) 860-9797

LC2255766-1

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