Vancouver, British Columbia — September 4, 2026 — Leads & Copy — World Copper Ltd. announced significant changes to its Board of Directors and management team, alongside a proposed non-brokered private placement aimed at raising up to $1,000,000 for exploration and general working capital. Gareth Thomas has been appointed Executive Chair and a Director, bringing over two decades of experience in exploration, corporate development, and public company management. He was a co-founder of Westhaven Gold Corp., where he held executive and director roles since 2010. Thomas holds a Bachelor’s degree from the University of British Columbia.
Shaun Pollard has stepped into the roles of President, Chief Executive Officer, and Director. Pollard also boasts over two decades of experience in capital markets, exploration, and public company management, and was a co-founder of Westhaven Gold Corp., serving as CFO and/or Director from 2010 to 2025. He earned a Master of Business Administration from the UBC Sauder School of Business. The company also confirmed the resignation of Mark Lotz from his positions as President, Chief Executive Officer, and Director, expressing gratitude for his contributions.
The proposed private placement involves the issuance of up to 13,333,333 units at $0.075 per unit. Each unit will comprise one common share and one common share purchase warrant. These warrants will grant the holder the right to acquire an additional common share at an exercise price of $0.10 for a period of two years from the date of issuance. The aggregate gross proceeds from the offering are anticipated to be up to $1,000,000. All securities issued under this offering will be subject to a statutory four-month hold period. The completion of the offering is contingent upon receiving necessary corporate and regulatory approvals, including acceptance from the TSX Venture Exchange.
World Copper intends to use the proceeds from the offering for exploration activities and general working capital. The company noted that certain directors, officers, and other insiders may participate in the offering, which would be classified as a related party transaction under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions. World Copper plans to rely on exemptions within MI 61-101, specifically sections 5.5(b) and 5.7(1)(b), from the formal valuation and minority shareholder approval requirements, citing that the fair market value of the units involving related parties will not exceed $2,500,000, and its common shares are listed on the Exchange.
The securities offered are not being registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to U.S. Persons without registration or an applicable exemption. World Copper Ltd. is a Canadian resource company headquartered in Vancouver, British Columbia, focused on the exploration and development of prospective resource projects.
Source: World Copper Ltd.
