This financing from a little-known mineral explorer jumped 183 percent in just five months

June 1, 2022 11:00 AM PST

Core Assets Corp. (TSX-V: CC)

  • Type of financing: Non-brokered
  • Gross proceeds: $1.60 million
  • Number of units: 6.66 million
  • Price per unit: $0.24
  • Closing date: 01/21/2022
  • Today's closing price (June 1): $0.68
  • Deal appreciation: 183%
  • Warrants: Full    
  • Strike Price: $0.39
  • Expiry date: 01/21/24

Company breakdown:

  • Mineral exploration junior focused on its Blue Property in the Atlin mining district of BC
  • Low trade volume, currently at just 3,000
  • Shares and trade volume began to spike following the private placement, after which the company announced a couple of copper and silver samples from its flagship propject
  • Released drill results from Blue in March, with 2.5 metres of 12.41 grams of silver per tonne
  • Recently began a 5,000-metre drill program at Blue

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