Core Assets - President and CEO Nicholas Rodway analyzing CRD pod at Blue Project.
President and CEO Nicholas Rodway analyzing CRD pod at Blue Project.
Source: Core Assets.
Market Herald logo

Find out more about this capital raise

Be the first with the news that moves the market
  • Core Assets (CC) seeks to raise gross proceeds of C$3 million through a non-brokered private placement
  • The company will use the proceeds for eligible Canadian exploration expenses on its Blue Property in B.C. by December 31, 2024
  • The offering is slated to close on or about February 15, 2023
  • Core Assets is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in B.C.
  • Core Assets (CC) is down by 1.92 per cent trading at $0.255 per share

Core Assets (CC) seeks to raise gross proceeds of C$3 million through a non-brokered private placement.

It intends to offer 6,976,745 charity flow-through units priced at $0.43 each.

Each charity flow-through unit is comprised of one common share – to be issued as a flow-through share as defined in the Income Tax Act (Canada) – and one-half of one share purchase warrant issued on a non-flow-through basis.

Each warrant is exercisable into one common share priced at $0.47 up to 24 months after the closing of the offering.

Core Assets will use the funds to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures as defined in the Income Tax Act (Canada). The expenditures will focus on the Blue Property in B.C. on or before December 31, 2024.

All qualifying expenditures will be renounced in favour of the subscribers effective December 31, 2023.

The 100-per-cent owned Blue Property spans 111,747.96 ha within the gold-rich Atlin Mining District. Highlighted by the 140-km Llewellyn Fault Zone, the company believes Blue holds the potential for a major discovery.

The offering is slated to close on or about February 15, 2023.

All securities will be subject to a hold period of four months and one day from the date of issuance.

Core Assets is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in B.C.

Core Assets (CC) is down by 1.92 per cent, trading at $0.255 per share as of 10:10 am EST.


More From The Market Herald

" VRIC 2023: Canada’s largest mining conference returns amid commodity resurgence

Later this month, the Vancouver Resource Investment Conference (VRIC) will gather over 300 junior mining companies, over 100 expert speakers and over 5,000...

" Mining investors rejoice! VRIC 2023 fast approaches

Less than one week from today, the Vancouver Resource Investment Conference (VRIC) will showcase over 300 of the most prominent companies in the

" Stelmine (TSXV:STH) confirms surface mineralization at the Meridian Gold Zone

Stelmine (STH) released the results of 1,950 metres of drilling from 13 holes in the Meridian Zone of the Mercator property, located in

" Seahawk Gold Corp. (CSE:SEAG) provides exploration update

Seahawk Gold Corp. (SEAG) has provided an update on recent exploration work on its Touchdown and Blitz Properties.