Core Assets Corp. announced a non-brokered private placement of 6,250,000 units at a price of CAD 0.24 per unit for gross proceeds of CAD 1,500,000 led by new investor, Crescat Capital LLC for CAD 1,070,000 on January 4, 2022. The transaction may include participation from insiders.

Each unit will be comprised of one common share and one whole transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional share for a period of two years from the closing date at an exercise price of CAD 0.39 per share. The company does not anticipate paying any finder's fees in connection with the offering at this time.

Following the completion of the Crescat Capital LLC investment, Crescat Capital LLC will have an option to participate in future financings of the company to maintain its interest in the company for so long as it holds greater than 3% of the issued and outstanding common shares. All securities issued are subject to a four month hold as required under applicable securities laws and, in addition, will be subject to an 18 month hold from the closing date split up into 3 releases of one third of the securities issued under the offering every six months from the closing date.