Tincorp Closes Private Placement

Core Viewpoint - Tincorp Metals Inc. has successfully closed a non-brokered private placement, raising a total of $375,000 through the issuance of 3,000,000 common shares at a price of $0.125 per share [1][2]. Group 1: Offering Details - The net proceeds from the Offering will be utilized for working capital requirements and general corporate purposes [2]. - The Offering was conducted under exemptions from the prospectus requirements of Canadian securities laws, with all securities subject to a four-month and one-day hold period [2]. - The Offering is pending final acceptance from the TSX Venture Exchange [2]. Group 2: Insider Participation - Insiders participated in the Offering with a total investment of $201,250, which is classified as a "related party transaction" under Multilateral Instrument 61-101 [3]. - The Company relied on exemptions from formal valuation and minority shareholder approval requirements due to the insider's participation not exceeding 25% of the Company's market capitalization [3]. Group 3: Shareholder Information - Silvercorp Metals Inc. subscribed for 874,423 shares, investing a total of $109,302, maintaining a pro rata interest of 29.15% in the Company [4]. - No new Control Persons were created as a result of the Offering [4]. Group 4: Finder's Fee - The Company paid a cash finder's fee of $1,800, representing 6% of the gross proceeds from purchasers introduced by the finder [5]. Group 5: Company Overview - Tincorp Metals Inc. is focused on mineral exploration, particularly tin projects in Bolivia, and owns a gold project near Whitehorse, Yukon, Canada [7]. - The Company owns 100% of the Porvenir Project and is acquiring a 100% interest in the nearby SF Project, both located 70 km southeast of Oruro, Bolivia [7]. - Tincorp has signed an agreement to sell its Skukum Gold Project to Blue Jay Gold Corp., with the transaction expected to complete in the third quarter of 2025 [7].