Plata Latina shareholders approve Zonia acquisition

Executive Summary

• Plata Latina Minerals Corp. shareholders approved the acquisition of the Zonia copper project in Arizona from World Copper Ltd., along with a concurrent non-brokered private placement financing.
• Shareholders also approved a change of corporate name to Edge Copper Corp. and a share consolidation ratio of up to 1-for-3.
• The transaction is expected to close in late October 2025, pending remaining regulatory and court approvals.

Key Details

• Acquisition: Plata Latina will acquire the Zonia copper project in Arizona from World Copper Ltd.
• Financing Structure: Non-brokered private placement of up to 200 million units.
  • Composition: Each unit consists of one common share and one-half of one warrant to acquire one common share.
  • Price: 10 cents per unit.
  • Insider Participation: Issuance of a maximum of 85 million units to current insiders and their joint actors.
  • Approval: Approved by 99.76% of votes cast (99.49% excluding required exclusions under MI 61-101).
• Option Exchange: Issuance of options to purchase Plata Latina shares to holders of certain specified World Copper options in exchange for their existing options.
  • Approval: Approved by 99.76% of votes cast.
• Name Change: Approval to change corporate name from Plata Latina Minerals Corp. to Edge Copper Corp. (or other name at Board's discretion).
  • Approval: Approved by 100.00% of votes cast.
  • Condition: Subject to TSX Venture Exchange approval.
• Share Consolidation: Consolidation of issued and outstanding shares on a basis of one post-consolidization share for up to three pre-consolidization shares.
  • Fractional Shares: Rounded down to the nearest whole number.
  • Approval: Approved by 99.21% of votes cast.
  • Condition: Subject to TSX Venture Exchange approval.
• Closing Timeline: Expected in late October 2025, assuming satisfaction/waiver of remaining conditions including court approval and TSX Venture Exchange approval.
• Independence of Actions: Closing of the transaction and financing is not conditional on the completion of the name change or share consolidation; these are anticipated to be implemented immediately following closing.
• World Copper Approval: World Copper shareholders also approved the transaction at their special meeting on Oct 16, 2025.

Notable Quotes

• None provided in the text.