Plata Latina moving ahead with World Copper's RTO

Executive Summary

• Plata Latina Minerals Corp. received an interim order from the BC Supreme Court to hold a special shareholder meeting approving its acquisition of World Copper’s Zonia copper project in Arizona.
• The meeting will also consider a private placement of up to 200 million units at $0.10 per unit, a share‑consolidation (up to 3‑for‑1), a corporate name change to “Edge Copper Corp.”, and the issuance of replacement options to World Copper option holders.
• The board recommends voting “for” all items; shareholders holding ~43 % have already entered into a support agreement with World Copper. Closing is expected in October 2025, subject to TSX‑V approvals and customary conditions.

Key Details

• Interim Court Order: Supreme Court of British Columbia authorized a special meeting of World Copper shareholders and the mailing of joint management information circulars for the transaction.
• Special Meeting (Plata Latina): Scheduled for Oct 16, 2025, 9:30 a.m. PT at 700‑401 West Georgia St., Vancouver, B.C.; record date Aug 26, 2025.
• Private Placement: Up to 200 million units (1 common share + ½ warrant) at $0.10 per unit; up to 85 million units may be issued to insiders and joint actors.
• Option Exchange: Issuance of options to Plata Latina shareholders in exchange for certain World Copper option holdings, subject to shareholder approval.
• Corporate Name Change: Proposed change to “Edge Copper Corp.” (or alternative) pending board discretion and regulatory approval.
• Share Consolidation: Up to 3 pre‑consolidation shares into 1 post‑consolidation share; requires two‑thirds shareholder approval and TSX‑V consent.
• Voting Thresholds:
• Private placement – majority of votes (excluding excluded parties).
• Replacement option issuance – simple majority.
• Name change & consolidation – two‑thirds majority.
• Board Recommendation: Unanimous “for” vote on financing, option issuance, name change, and consolidation.
• Support Agreement: Directors/officers and certain shareholders (≈43 % of outstanding shares) have a voting/support agreement with World Copper to back the proposals.
• Closing Conditions: Subject to TSX‑V approval, customary closing conditions, and concurrent financing; expected to close in October 2025.

Notable Quotes

(No direct quotes were provided in the release.)