World Copper Ltd. announced a non-brokered private placement to issue up to 8,333,333 units at a price of CAD 0.30 per unit for gross proceeds of CAD 2,500,000 on June 29, 2022. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional share of the company for a period of two years from the date of issuance at a price of CAD 0.60 per share.

The expiry of the warrants may be accelerated if the closing price of the company's common shares on the TSX Venture Exchange is equal to or greater than CAD 1.00 for a minimum of twenty consecutive trading days and a notice of acceleration is provided in accordance with the terms of the warrants. Insiders may participate and finders' fees may be payable to arm's length parties that have introduced the company to certain subscribers participating in the offering. All securities issued in the offering are subject to a four-month hold period, during which time the securities may not be traded.

The closing of the offering is subject to the approval of the TSX Venture Exchange