Canadian Orebodies Inc. (TSXV:CORE) announced a non- broker private placement of common shares at a price of CAD 0.10 and flow-through common shares at a price CAD 0.12 per share for gross proceeds of CAD 1,000,000 on January 10, 2020. The company will issue maximum of up to 10,000,000 common shares. The Company may pay cash finders' fees to eligible finders for an aggregate amount of 6% of the gross proceeds of the common shares of the company placed by each eligible finder.

The securities to be issued in connection with the transaction will be subject to a hold period of four months and one day from the date of issuance. The transaction is subject to receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange. The transaction will approve the shareholder approval a Special Meeting of Shareholders of company to be held on February 26, 2020.