VANCOUVER, BC / ACCESS Newswire / May 30, 2025 – In a move signaling a strategic realignment, Core Assets Corp. is poised to undergo a share consolidation and a name change, transitioning to “Core Silver Corp.” The changes, slated to take effect at the opening of market on June 4, 2025, on the Canadian Securities Exchange, will see the company’s shares consolidated at a 10:1 ratio. While the trading symbol “CC” remains the same, the company will operate under new CUSIP and ISIN designations: 21873Y105 and CA21873Y1051, respectively.
Currently, the company has over 127 million shares outstanding. Post-consolidation, that number will be trimmed to approximately 12.7 million shares. This streamlining reflects a broader effort to potentially attract a new class of investors and enhance the company’s market perception.
Odyssey, the company’s transfer agent, will oversee the exchange of share certificates, providing detailed instructions to shareholders of record as of June 4, 2025. Investors should prepare to exchange their pre-consolidation certificates for new ones as per Odyssey’s instructions.
A Refocus on Silver
Core Silver Corp., formerly Core Assets Corp., is a mineral exploration firm concentrating its efforts on projects in British Columbia, Canada. The company’s flagship asset remains the Blue Property, a vast 114,074-hectare land package in the Atlin Mining District. This district, known for its gold deposits, is situated within the traditional territories of the Taku River Tlingit First Nation and the Carcross/Tagish First Nation. The Blue Property is strategically located along the Llewellyn Fault Zone (“LFZ”), a major structural feature that stretches for approximately 140 kilometers. Core Silver believes this area has been under-explored since the 1980s, presenting a compelling opportunity, especially given advancements in understanding deposit types like porphyry and skarn deposits.
Core Silver Corp. is poised to capitalize on the potential of the evolving silver market. The company is confident that its location and geological insight will enable it to deliver substantial returns.
On Behalf of the Board of Directors
CORE ASSETS CORP.
Nicholas Rodway
President & CEO
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
Original article, Author: Jam. If you wish to reprint this article, please indicate the source:https://aicnbc.com/1354.html
