Core Assets Corp. announced a non-brokered private placement of up to 8,333,334 units at a price of CAD 0.12 per unit for the gross proceeds of up to CAD 1,000,000 and up to 14,285,715 flow-through units at a price of CAD 0.14 per FT Unit for gross proceeds of up to CAD 2,000,000 for the aggregate gross proceeds of CAD 3 million on October 18, 2023. Each unit will be comprised of one common share and one half of one common share purchase warrant.

Each warrant shall entitle the holder to acquire one common share in the capital of the company at a price of CAD 0.22 per warrant share for a period of 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 and one half of one common share purchase warrant. Each FT Warrant shall entitle the holder to acquire one common share in the capital of the company, issued on a non-flow-through basis, at a price of CAD 0.22 per FT Warrant Share for a period of 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 transaction is expected to close on or about November 15, 2023. The transaction is subject to customary closing conditions including applicable CSE approval.

The company may pay finder's fees in connection with the offering in accordance with the policies of the Canadian Securities Exchange.