Core Silver Completes Private Placement of $1.287M

Core Silver Corp. announced the successful completion of a non-brokered private placement, raising $1,287,275. This placement involved issuing 2,340,500 flow-through units at $0.55 per unit, surpassing the initial target of $1 million. Each unit comprises one flow-through common share and half a common share purchase warrant. These warrants permit the purchase of additional non-flow-through shares at $0.85, valid for two years post-issuance.

The proceeds aim to fund Canadian exploration expenses relating to the Touleary Project in Yukon. Significant insider investment raised concerns due to its classification as a related party transaction under MI 61-101 regulations, yet remains compliant due to specific exemptions. The securities sold are not registered under the U.S. Securities Act of 1933.