On August 31, 2022. World Copper Ltd. closed the transaction. The company issued 5,276,501 units for gross proceeds of CAD 1,582,950.30 in the second and final tranche, bringing the total amount raised in the transaction to 9,540,915 units for gross proceeds of CAD 2,862,274.50. The company issued 7% cash and 7% warrants to the finders as compensation. The finders' warrants have an exercise price of CAD 0.30 and expire 3 years from closing. The transaction included participation from BT Global Growth Inc., Advisory Arm for CAD 7,014 and 23,380 warrants, Gerhard Merkel for CAD 7,483.01 and 24,943 warrants, Leede Jones Gable Inc. for CAD 12,495.00 and 41,650 warrants, Canaccord Genuity Corp. for CAD 18,301.50 and 61,005 warrants, Integral Wealth Securities Limited for CAD 1,050.00 and 3,500 warrants, Echelon Wealth Partners Inc. for CAD 8,890.01 and 29,633 warrants and Haywood Securities Inc. for CAD 3,219.99 and 10,733 warrants.


The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 51 placees including total pro group involvement of three pro group members for 180,000 shares. The transaction included participation of total existing insider involvement of one insider for 666,667 shares.