Core Assets Announces Effective Date of Share Consolidation and Name Change

Rhea-AI Summary

Core Assets Corp. announced a 10:1 share consolidation and name change to Core Silver Corp., effective June 4, 2025, on the Canadian Securities Exchange. The company's current 127,105,689 outstanding shares will be consolidated to 12,710,565 shares. The trading symbol "CC" will remain unchanged, while new CUSIP and ISIN numbers will be assigned. Odyssey Trust Company will handle the administrative process, mailing Letters of Transmittal to shareholders of record for exchanging pre-consolidation share certificates for post-consolidation certificates.

Positive

• Share consolidation could help meet minimum share price requirements and attract institutional investors
• Name change to Core Silver Corp. better reflects company's focus on silver assets

Negative

• Significant 10:1 share reduction may impact stock liquidity
• Share consolidation does not inherently create shareholder value

VANCOUVER, BC / ACCESS Newswire / May 30, 2025 / Core Assets Corp. ("Core Assets" or the "Company") (CSE:CC)(FSE:5RJ)(OTC.QB:CCOOF) is pleased to announce that further to its news release dated May 27, 2025, the Company will proceed with the consolidation of its issued and outstanding common shares (the "Shares") on the basis of one (1) new Share for every ten (10) old Shares (the "Consolidation") and change of its name from "Core Assets Corp." to "Core Silver Corp." (the "Name Change"). The Consolidation and Name Change will become effective on the Canadian Securities Exchange at the opening of market on June 4, 2025. The Company's symbol "CC" will remain the same. The new CUSIP and ISIN of the Company will be 21873Y105 and CA21873Y1051, respectively.

Currently, a total of 127,105,689 Shares are issued and outstanding. Accordingly, upon the Consolidation becoming effective, a total of 12,710,565 Shares will be issued and outstanding. No fractional Shares will be issued as a result of the Consolidation.

Odyssey Trust Company ("Odyssey") will mail out a Letter of Transmittal to the shareholders of record on June 4, 2025 providing instructions on exchanging pre-Consolidation share certificates for post-Consolidation share certificates. Shareholders are encouraged to send their share certificates, together with their Letter of Transmittal, to Odyssey in accordance with the instructions in the Letter of Transmittal.

About Core Assets Corp.

Core Assets Corp. is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in British Columbia, Canada. The Company currently holds 100% ownership in the Blue Property, which covers a land area of 114,074 hectares (~1,140 km²). The Property lies within the Atlin Mining District, a well-known gold mining camp located in the unceded territory of the Taku River Tlingit First Nation and the Carcross/Tagish First Nation. The Blue Property hosts a major structural feature known as The Llewellyn Fault Zone ("LFZ"). This structure is approximately 140km in length and runs from the Tally-Ho Shear Zone in the Yukon, south through the Blue Property to the Alaskan Panhandle Juneau Ice Sheet in the United States. Core Assets believes that the south Atlin Lake area and the LFZ has been neglected since the last major exploration campaigns in the 1980's. The LFZ plays an important role in mineralization of near surface metal occurrences across the Blue Property. The past 50 years have seen substantial advancements in the understanding of porphyry, skarn, and carbonate replacement type deposits both globally and in BC's Golden Triangle. The Company has leveraged this information at the Blue Property to tailor an already proven exploration model and believes this could facilitate a major discovery. Core Assets is excited to become one of the Atlin Mining District's premier explorers where its team believes there are substantial opportunities for new discoveries and development in the area.

On Behalf of the Board of Directors
CORE ASSETS CORP.

"Nicholas Rodway"

President & CEO
Tel: 604.681.1568

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

FORWARD LOOKING STATEMENTS

This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events, or developments that the Company believes, expects or anticipates will or may occur in the future, are forward-looking statements. Forward-looking statements in this news release include statements with respect to the Consolidation and Name Change and the anticipated effective date for each, respectively. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE: Core Assets Corp.

View the original press release on ACCESS Newswire

FAQ

What is the new share consolidation ratio for Core Assets (CCOOF)?

Core Assets announced a 10:1 share consolidation ratio, meaning one new share will be issued for every ten old shares held.

When will Core Assets' share consolidation and name change become effective?

The share consolidation and name change to Core Silver Corp. will become effective on June 4, 2025, at market open on the Canadian Securities Exchange.

How many shares will Core Assets have after the consolidation?

After the 10:1 consolidation, Core Assets' outstanding shares will reduce from 127,105,689 to 12,710,565 shares.

Will Core Assets' trading symbol change after the consolidation?

No, Core Assets will maintain its current trading symbol 'CC' on the Canadian Securities Exchange despite the consolidation and name change.

What should Core Assets shareholders do with their existing share certificates?

Shareholders should wait for the Letter of Transmittal from Odyssey Trust Company and follow the instructions to exchange their pre-consolidation certificates for post-consolidation certificates.