Mr. Gordon Neal reports
WORLD COPPER ANNOUNCES SHAREHOLDER APPROVAL FOR THE SALE OF THE ZONIA PROJECT
World Copper Ltd. shareholders have approved the resolution put forth at the special meeting of shareholders held on Oct. 16, 2025, approving the previously announced transaction between World Copper and Plata Latina Minerals Corp. pursuant to which Plata Latina will acquire the Zonia copper project in Arizona from World Copper by way of a court-approved plan of arrangement.
World Copper meeting
At the World Copper meeting, the special resolution approving the transaction was approved by 99.28 per cent of the votes cast by shareholders in person or represented by proxy at the World Copper meeting; 98.73 per cent of the votes cast by shareholders in person or represented by proxy at the World Copper meeting, excluding the votes cast by persons required to be excluded by Multinational Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101); and 99.28 per cent of the votes cast by shareholders in person or represented by proxy at the World Copper meeting, excluding the votes cast by persons required to be excluded by the corporate finance policies of the TSX Venture Exchange. The parties whose votes were excluded under MI 61-101 were Gordon Neal, Robert Kopple (and his associated entities), and the Robert and Carole Kopple Grandchildren's Trust (2007).
Transaction updates
World Copper is also pleased to announce that shareholders of Plata Latina have approved the resolutions put forth at the special meeting of Plata Latina shareholders held on Oct. 16, 2025, in relation to the transaction.
Assuming all remaining conditions set out in the arrangement agreement between World Copper and Plata Latina dated July 22, 2025, are either satisfied or waived, including receipt of court approval and the approval of the TSX Venture Exchange, World Copper expects that the closing date of the transaction will occur in late October, 2025.
complete details of the transaction are included in the joint management information circular of Plata Latina and World Copper dated Sept. 12, 2025, filed on the company's SEDAR+ profile.
ATM quarterly results/termination
World Copper reports that, in accordance with the policies of the TSX Venture Exchange, Section 1.3(c) of Policy 4.2, and further to the at-the-market (ATM) offering of shares made pursuant to the prospectus supplement dated July 17, 2024, World Copper issued 12,412,000 common shares and raised gross proceeds of $423,142 pursuant to ATM distributions during the period July 1, 2025, to termination of the ATM on Sept. 17, 2025. Bank of Montreal (BMO) received fees of $12,694 during the period. The company confirms that no new insider or control person (as defined in Policy 1.1) has been or was created in connection with the ATM offering.
About World Copper Ltd.
World Copper, headquartered in Vancouver, B.C., is a Canadian resource company focused on the exploration and development of its Zonia copper project in Arizona.
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