Zincore Metals Inc. announced a non-brokered private placement and will issue up to 15,000,000 common shares at an issue price of CAD 0.05 per common share for aggregate proceeds of up to CAD 750,000 on April 17, 2023. In connection with the private placement, the company may pay finders' fee in cash or securities or a combination of both, as permitted by the policies of the Exchange. Completion of the private placement are subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange.

In accordance with the policies of the Exchange, the company will also be seeking shareholder approval for the private placement by written consent since the private placement would result in the company having issued greater than 100% of the number of outstanding common shares within a 12-month period. All securities issued in connection with the private placement will be subject to a statutory hold period in accordance with applicable securities legislation.