Plan of arrangement
The TSX Venture Exchange has accepted for filing documentation pertaining to the arrangement agreement dated July 22, 2025, between Plata Latina Minerals Corp. (to be renamed Edge Corp.) and World Copper Ltd., concerning a plan of arrangement under the provisions of the Business Corporations Act (British Columbia). Pursuant to the arrangement, Plata Latina acquired all of the issued and outstanding shares of Zonia Holdings Corp. and certain intercompany debt of Zonia from World Copper.
As total consideration, Plata Latina paid $10.5-million in cash and issued 113,461,181 common shares on a preconsolidation basis (37,820,374 common shares on a postconsolidation basis) to World Copper. Of these amounts, World Copper will retain $500,000 in cash and 15 million Plata Latina common shares on a preconsolidation basis (five million on a postconsolidation basis). World Copper will distribute the remaining $10-million in cash to pay off outstanding liabilities and the remaining 98,461,181 common shares on a preconsolidation basis (32,820,374 on a postconsolidation basis) to shareholders of World Copper.
Pursuant to the plan of arrangement, World Copper renamed and redesignated its existing common shares as Class A common shares and created a new class of common shares. The existing World Copper shares (as renamed and redesignated Class A common shares) were deemed to be exchanged for: (a) one new World Copper share; and (b) 0.37447537 of a Plata Latina common share on a prename change and preconsolidation basis (0.12482512 of an Edge Copper common share on a postname change and postconsolidation basis) for each existing World Copper share held. Upon completion of the World Copper share exchange, all of the existing World Copper shares were cancelled.
According to the plan of arrangement, new World Copper shares have the rights, privileges, restrictions and conditions identical to those of the existing World Copper shares immediately prior to such capital reorganization.
Additionally, outstanding World Copper warrants and certain specified World Copper stock options were exchanged for corresponding Edge Copper replacement warrants and stock options, respectively, in accordance with arrangement agreement, subject to the adjustment due to the consolidation.
The exchange has been advised that approval of the arrangement by the World Copper shareholders was received at a special meeting of shareholders held on Oct. 16, 2025, and that approval of the arrangement was received from the Supreme Court of British Columbia on Oct. 23, 2025. The arrangement completed on Oct. 30, 2025.
For more details, please refer to Plata Latina and World Copper's joint management information circular dated Sept. 12, 2025, and Plata Latina and World Copper's joint news releases issued July 23, 2025, and Oct. 30, 2025, each of which is available on SEDAR+.
Substitutional listing
In accordance with the above-referenced plan of arrangement, the World Copper shareholders who previously held existing World Copper shares had their existing World Copper shares (as renamed and redesignated as Class A common shares) exchanged on a one-for-one basis for new World Copper shares. Accordingly, the new World Copper shares are listed on the exchange at the market opening on Oct. 31, 2025. The company is classified as a junior natural resource mining company.
Capitalization: unlimited shares with no par value, of which
262,931,067 shares are issued and outstanding
Escrow: nil shares are subject to escrow
Transfer agent: Endeavor Trust Corp.
Trading symbol: WCU (unchanged)
Cusip No.: 98144X 10 8 (new)
In conjunction with the distribution, the existing World Copper common shares will be delisted from the exchange. Accordingly, effective at the close of business, Oct. 30, 2025, the existing World Copper shares will be delisted.
Remain halted
Trading in the existing World Copper shares will remain halted, pending delisting at the close of business, Oct. 30, 2025. The new World Copper shares will commence trading on the exchange at the market opening on Oct. 31, 2025.
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