Core Nickel Corp. announced a non-brokered private placement of up to 3,888,889 flow-through units at a price of CAD 0.09 per unit for gross proceeds of up to CAD 350,000 on December 8, 2023. Each flow-through unit will consist of one flow-through common share and one half of one common share purchase warrant.

Each warrant will entitle the holder to purchase one common share at a price of CAD 0.14 at any time on or before that date which is 24 months after the closing date of the offering. The transaction will include participation from directors and officers of the company. The company will pay finders?

fees comprised of cash and non-transferable warrants in connection with the offering, subject to compliance with the policies of the Canadian Securities Exchange. All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance in accordance with the policies of the CSE and applicable securities laws.