Core Silver Corp. Closes LIFE Flow-Through Private Placement Offering

Core Silver Corp., a Canadian mineral exploration company, has successfully closed its LIFE flow-through private placement offering. The offering involved 6,000,000 flow-through units at a price of $0.75 each, raising $4.5 million in gross proceeds. Each unit includes one common share and one purchase warrant, with warrants exercisable at $0.85 for 24 months.

The proceeds will support exploration at the Blue Property in Atlin, British Columbia, meeting criteria for various Canadian exploration tax benefits. Core Silver aims to leverage advancements in exploration understanding, focusing on the underexplored Llewellyn Fault Zone's potential for new discoveries.