Core Assets Corp. announced a non-brokered private placement of up to 2,459,016 units at a price of CAD 0.61 per unit for gross proceeds of up to CAD 1,500,000 on August 16, 2022. Each unit will be comprised of one common share and one-half of one common share purchase warrant.

Each warrant will entitle the holder to purchase one additional Share for a period of two years from the closing date of the offering at a price of CAD 0.85 per warrant share. All securities issued in connection with the offering will be issued pursuant to one or more prospectus exemptions available to the company will be subject to a hold period of four months and one day from the date of issuance. The transaction is expected to close on or about August 25, 2022, or such other earlier.

Closing of the offering will be subject to customary closing conditions including applicable CSE approval. Insiders of the company may participate in the transaction. The company does not anticipate paying any finder's fees in connection with the offering at this time.