On August 25, 2022, Core Assets Corp. closed the transaction. The company has amended the terms of the transaction.

The company has issued of 2,722,123 units at an issue price of CAD 0.61 per unit for gross proceeds of CAD 1,660,495.03 in the transaction. The transaction included participation from chief financial officer of the company, Jody Bellefleur for 8,500 units. The transaction was oversubscribed.

The company did not pay any finder's fees in connection with the offering. The company has received proceeds pursuant to exemption provided under Regulation D from 3 investors.