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Core Assets Announces C$3.0 Million Non-Brokered Private Placement With Strategic Investment From Crescat Capital
VANCOUVER, BC / ACCESSWIRE / October 18, 2023 / Core Assets Corp., ("Core Assets" or the "Company") (CSE:CC)(FSE:5RJ)(OTCQB:CCOOF) is pleased to announce that i
About this update from Core Silver Corp.
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / October 18, 2023 / Core Assets Corp., (\"Core Assets\" or the \"Company\") (CSE:CC)(FSE:5RJ)(OTCQB:CCOOF) is pleased to announce that it intends to undertake a non-brokered private placement of securities (the \"Offering\") to raise aggregate gross proceeds of up to $3,000,000. \"We have proven the vast scale and high grades of silver, zinc, lead and copper that the Silver Lime CRD-Skarn-Porphyry system can produce.\" said CEO Nick Rodway. \"Crescat has been incredibly supportive of the project and team from the start. We are thrilled to have them continue to back us with this vote of confidence as we continue to have success with the drill bit.\" The Offering will consist of up to 8,333,334 units (each, a \"Unit\") at a price of $0.12 per Unit for gross proceeds of up to $1,000,000 and up to 14,285,715 flow-through units (each, a \"FT Unit\") at a price of $0.14 per FT Unit for gross proceeds of up to $2,000,000. Each Unit will be comprised of one common share (each, a \"Share\") in the capital of the Company and one half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant shall entitle the holder to acquire one common share in the capital of the Company (each, a \"Warrant Share\") at a price of $0.22 per Warrant Share for a period of two (2) years from the date of issuance of the Warrants. Each FT Unit shall be comprised of one common share in the capital of the Company to be issued as a \"flow-through share\" within the meaning of the Income Tax Act (Canada) (each, a \"FT Share\") and one half of one common share purchase warrant (each whole warrant, a \"FT Warrant\") issued on a non-flow-through basis. Each FT Warrant shall entitle the holder to acquire one common share in the capital of the Company (each, a \"FT Warrant Share\"), issued on a non-flow-through basis, at a price of $0.22 per FT Warrant Share for a period of two (2) years from the date of issuance of the FT Warrants. All securities issued in connection with the Offering will be issued pursuant to one or more prospectus exemptions available to the Company, and will be subject to a hold period of four months and one day from the date of issuance as required under applicable securities laws. The Offering is expected to close on or about November 15, 2023, or such other earlier or later date as may be...