BULLETIN V2026-2383
WORLD COPPER LTD. ("WCU")
BULLETIN TYPE: Plan of Arrangement-, Substitutional Listing, Delist
BULLETIN DATE: July 20, 2026
TSX Venture Tier 2 Company
Plan of Arrangement
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation in connection with an arrangement agreement dated May 14, 2026, as amended on May 20, 2026 and June 19, 2026, between World Copper Ltd. ("World Copper") and its wholly-owned subsidiary, World Copper Holdings Ltd., formerly, 1581602 B.C. Ltd. ("Spinco") pursuant to which the parties will complete a plan of arrangement under the provisions of the Business Corporations Act (British Columbia) (the "Plan of Arrangement").
Under the Plan of Arrangement, which is fully described in World Copper's Management Information Circular dated May 20, 2026 on SEDAR+, World Copper will transfer all of its interests in its Chilean subsidiaries, along with certain assets and liabilities, to Spinco. World Copper will retain its rights under the Brassie Creek Property Option Agreement and a minimum of $500,000 cash.
Further to the Exchange's bulletin dated July 15, 2026, the Arrangement was subject to the completion of a consolidation of World Copper's issued and outstanding common shares on the basis of twenty (20) pre-consolidation shares for one (1) post-consolidation share (the "Consolidation").
Under the Plan of Arrangement, World Copper will (i) re-name and re-designate its existing post-Consolidation common shares as "Class A common shares" (the "Class A Shares"); (ii) create a new class of common shares (the "New World Copper Shares"); and (iii) distribute to the shareholders of World Copper (A) one New World Copper Share and (B) one Spinco share for every one Class A Share held.
The Exchange has been advised that approval of the Plan of Arrangement by the World Copper shareholders was received at an Annual General and Special Meeting of shareholders held on June 18, 2026, and that the final order approving the Plan of Arrangement was received from the Supreme Court of British Columbia on June 22, 2026. The Exchange has been advised that World Copper completed the Plan of Arrangement effective at 12:01 a.m. on July 20, 2026.
No Spinco shares will be listed on the Exchange on closing of the Plan of Arrangement.
For more information, refer to World Copper's news releases dated May 19, 2026, May 25, 2026, June 23, 2026, July 15, 2026, and July 20, 2026, available under World Copper's profile on SEDAR+.
Substitutional Listing
In accordance with the above-referenced Plan of Arrangement, the World Copper shareholders who previously held post-Consolidation common shares (the "Old Shares") will have their Old Shares redesignated as Class A Shares and exchanged on a one-for-one basis for New World Copper Shares. Accordingly, the New World Copper Shares will be listed on the Exchange at the market open on July 22, 2026.
Capitalization: Unlimited common shares with no par value of which approx. 13,151,545 common shares are issued and outstanding
Escrowed Shares: Nil
Transfer Agent: Endeavor Trust Corporation
Trading Symbol: WCU (UNCHANGED)
CUSIP Number: 98144X306 (NEW)
Delist
In conjunction with the closing of the Plan of Arrangement, the Old Shares of World Copper will be delisted from the Exchange. Accordingly, effective at the close of business on July 21, 2026, the Old Shares of World Copper will be delisted.
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