• Core Assets (CC) seeks to raise gross proceeds of C$3 million through a non-brokered private placement
  • The company will use the proceeds for eligible Canadian exploration expenses on its Blue Property in B.C. by December 31, 2024
  • The offering is slated to close on or about February 15, 2023
  • Core Assets is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in B.C.
  • Core Assets (CC) is down by 1.92 per cent trading at $0.255 per share

Core Assets (CC) seeks to raise gross proceeds of C$3 million through a non-brokered private placement.

It intends to offer 6,976,745 charity flow-through units priced at $0.43 each.

Each charity flow-through unit is comprised of one common share – to be issued as a flow-through share as defined in the Income Tax Act (Canada) – and one-half of one share purchase warrant issued on a non-flow-through basis.

Each warrant is exercisable into one common share priced at $0.47 up to 24 months after the closing of the offering.

Core Assets will use the funds to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures as defined in the Income Tax Act (Canada). The expenditures will focus on the Blue Property in B.C. on or before December 31, 2024.

All qualifying expenditures will be renounced in favour of the subscribers effective December 31, 2023.

The 100-per-cent owned Blue Property spans 111,747.96 ha within the gold-rich Atlin Mining District. Highlighted by the 140-km Llewellyn Fault Zone, the company believes Blue holds the potential for a major discovery.

The offering is slated to close on or about February 15, 2023.

All securities will be subject to a hold period of four months and one day from the date of issuance.

Core Assets is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in B.C.

Core Assets (CC) is down by 1.92 per cent, trading at $0.255 per share as of 10:10 am EST.


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