Core Silver Completes Non-Brokered Private Placement

Core Silver Corp., a Canadian mineral exploration company, announced the successful completion of its non-brokered private placement, raising total gross proceeds of $1,282,000. The offering included 5,410,000 non-flow-through units at $0.20 each and 800,000 flow-through units at $0.25 each. Each unit comprises one common share and one share purchase warrant, exercisable at $0.30 per share for three years.

The funds from flow-through units will support exploration activities at the Blue Property in British Columbia. The proceeds from other units will be used for general working capital. Certain insiders of the company, including CEO Nicholas Rodway, participated in the offering.

Securities issued are subject to a four-month statutory hold period and a one-year contractual hold. Crescat Portfolio Management LLC, a major shareholder, also contributed significantly to the investment.