Core One Labs Inc. announced a non-brokered private placement to issue 3,125,000 units at an issue price of CAD 0.32 per Unit, for gross proceeds of CAD 1,000,000 on September 11, 2023. Each Unit will consist of one common share and one common share purchase warrant. Each Warrant will entitle the holder, on exercise, to purchase one Share for a period of five years at an exercise price of CAD 0.43 per Share.

In connection with the Financing, the Company may pay finders? fees and/or issue finders? warrants on the same terms as the Warrants, to eligible parties who have assisted by introducing subscribers to the Financing.

Pursuant to applicable securities laws, all securities issued under the Financing will be subject to a statutory hold period of four months and one day. Closing of the proposed Financing is anticipated to occur on or about September 18, 2023.