Core Silver closes $4.5-million private placement

Executive Summary

• Core Silver Corp. has closed a non-brokered private placement offering of 6 million LIFE Flow-Through Units.
• The offering generated gross proceeds of $4.5 million at a price of $0.75 per unit.
• Proceeds are designated for the exploration of the Blue property in Atlin, B.C., with specific tax implications for Canadian investors.

Key Details

• Units Issued: 6,000,000 LIFE Flow-Through Units.
• Price: $0.75 per LIFE FT unit.
• Gross Proceeds: $4,500,000.
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms: Each warrant is exercisable to acquire one additional common share at an exercise price of $0.85.
• Warrant Expiry: 24 months from the date of closing.
• Regulatory Exemption: Listed issuer financing exemption under Part 5A of National Instrument 45-106.
• Hold Period: No hold period applies to the securities issued.
• Use of Proceeds: Advancing exploration of the Blue property in Atlin, B.C.
• Tax Structure: Proceeds used to incur Canadian exploration expenses, flow-through critical mineral mining expenditures, and B.C. flow-through mining expenditures.
• Renunciation Timeline: Expenses to be incurred on or before December 31, 2026, and renounced to subscribers with an effective date no later than December 31, 2025.
• Target Investors: Purchasers resident in Canada and offshore jurisdictions.