Vancouver, British Columbia–(Newsfile Corp. – November 17, 2023) – World Copper Ltd. (TSXV: WCU) (OTCQX: WCUFF) (FSE: 7LY0) (“World Copper” or the “Company”) reports that Nolan Peterson has resigned as Chief Executive Officer and President of the Company. Mr. Peterson resigned to pursue other opportunities and the board of directors and management of the Company wish him well in his future endeavours.
The Company has appointed Hendrik van Alphen, current Chairman of the Board, as Interim Chief Executive Officer and President until a permanent candidate is identified.
Mr. van Alphen remarked, “I am glad to take on the role of interim CEO as we retrench the Company in this current difficult market to set the stage for new permanent leadership and new corporate development. While there are many short-term headwinds presently, the business case for copper is as strong as ever, and World Copper has great assets to capitalize on the long-term upward trend.”
ABOUT WORLD COPPER LTD.
World Copper Ltd., headquartered in Vancouver, BC, is a Canadian resource company focused on the exploration and development of its copper porphyry projects: Escalones and Cristal in Chile, and Zonia in Arizona. Two of these projects have estimated resources with significant soluble copper mineralization, and each has additional copper porphyry targets with exciting potential to expand the resource base.
Detailed information is available at World Copper’s website at www.worldcopperltd.com, and for general Company updates you may follow us on our social media pages via Facebook, Twitter & LinkedIn.
On Behalf of the Board of Directors of
WORLD COPPER LTD.
“Hendrik van Alphen”
Hendrik van Alphen
Director & Chairman
For further information, or to schedule a Zoom meeting with Management, please contact:
Hendrik van Alphen or Michael Pound
For all Investor Relations inquiries, please contact:
Liviakis Financial Communications Inc.
For all Public Relations inquiries, please contact:
Office: 212-532-2208 | Mobile: 917-371-4053
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and U.S. securities legislation. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding the identification of a permanent Chief Executive Officer and President, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, statements as to the anticipated business plans, direction and timing of future activities of the Company, the ability of the Company to obtain sufficient financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the TSX Venture Exchange), permits or financing, changes in laws, regulations and policies affecting mining operations, currency fluctuations, title disputes or claims, environmental issues and liabilities, risks relating to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the Company’s business, financial condition and results of operations, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in the Company’s continuous disclosure documents. All of the Company’s Canadian public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials. On April 15, 2021 and ending April 15,2023 Liviakis Financial Communications Inc. (LFC) was retained by World Copper in various consulting capacities including strategic management planning, investor relations and other business development responsibilities. LFC is compensated 20 thousand dollars per month. Officers and employees of LFC will buy or sell shares in World Copper prior, during or after this release. LFC advises World Copper but does not provide investment advice. LFC is not a registered investment advisor or broker-dealer. All material provided regarding World Copper including, but not limited to its history, corporate status, and other developments was prepared using information approved and signed off by World Copper management as approved for public dissemination. Although the information contained herein is believed to be reliable, LFC makes no warranties as to the accuracy of the description of any of the content herein and accepts no liability for how readers may choose to utilize it.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake any obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.