en.Wedoany.com Reported - World Copper Ltd. announced that the proposed transfer of all interests in its Chilean subsidiary, along with certain assets and liabilities, to its wholly-owned subsidiary Spinco, with Spinco common shares distributed as consideration to shareholders, has received shareholder approval and a final order from the Supreme Court of British Columbia. Subject to the satisfaction or waiver of remaining conditions, including approval from the TSX Venture Exchange, the transaction is expected to close in early July 2026.

The Annual General and Special Meeting of Shareholders was held on June 18, 2026. The resolution regarding the arrangement was approved with 94.70% of votes in favor (100,513,145 shares voted), exceeding the required two-thirds majority; the resolution regarding share consolidation was approved with 92.77% of votes in favor (114,855,005 shares voted), exceeding a simple majority. The consolidation is on the basis of one post-consolidation share for every twenty pre-consolidation shares. On June 22, 2026, the Supreme Court of British Columbia granted the final order approving the arrangement.

On June 19, 2026, the Company entered into a second amendment agreement with Spinco, modifying the arrangement agreement. Under the amendment, the number of Edge Copper Corporation common shares held by Spinco for specific creditors increased from 3,333,334 shares to 5,000,000 shares, and Spinco will hold at least CAD 715,000 in cash in trust for specific creditors.

Headquartered in Vancouver, British Columbia, World Copper Ltd. is a Canadian resource company focused on the exploration and development of the Brassie Creek project, located in southern British Columbia. This project is a porphyry-skarn copper-gold deposit covering approximately 1,861 hectares, situated about 50 kilometers west of Kamloops.

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