Core Silver raises $1.29M via flow-through private placement

Core Silver Corp. (CSE: CC, FRA: 8ZR, OTCQB: CCOOF) has completed a non-brokered private placement, issuing 2,340,500 flow-through units at $0.55 per unit for gross proceeds of $1,287,275, according to a company statement.

The offering was increased from approximately $1,000,000 announced on September 29, 2026. Each unit consists of one flow-through common share and one-half of a transferable common share purchase warrant. Each whole warrant allows the holder to purchase one non-flow-through common share at $0.85, exercisable for two years from issuance.

All securities carry a statutory hold period of four months and one day. No finder's fees were paid.

Proceeds will fund eligible Canadian exploration expenses at the company's Touleary Project in Yukon, Canada, to be incurred on or before December 31, 2027. The qualifying expenditures will be renounced in favor of subscribers effective December 31, 2027.

An insider of the company subscribed for 45,000 units, constituting a related party transaction under Multilateral Instrument 61-101. The transaction is exempt from formal valuation and minority shareholder approval requirements under sections 5.5(a) and 5.7(1)(b) of MI 61-101, as the fair market value of securities issued to the insider does not exceed $2,500,000.

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