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Tincorp Closes Private Placement
Newsfile· 2025-09-17 12:00
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].
TinOne Upsizes Private Placement
Newsfile· 2025-08-19 19:04
Group 1 - TinOne Resources Inc. has upsized its non-brokered private placement to offer up to 6,000,000 units at a price of $0.05 per unit, aiming for gross proceeds of up to $300,000 [1][2] - Each unit will consist of one common share and one common share purchase warrant, with the revised exercise price of the warrants set at $0.065 for a period of five years [2][3] - The proceeds from the offering will be utilized to maintain the company and its tenements in good standing, as well as for general working capital purposes [4] Group 2 - The company is listed on the TSX Venture Exchange and has a portfolio of tin projects in Tasmania, Australia, focusing on advancing its projects while evaluating additional opportunities [5] - The offering is subject to necessary approvals, including that of the Board of Directors and the TSX Venture Exchange [3]
TinOne Announces Re-Pricing of Private Placement
Newsfile· 2025-07-30 18:13
Group 1 - TinOne Resources Inc. has adjusted the pricing of its non-brokered private placement, now offering up to 4,000,000 units at a revised price of $0.05 per unit, aiming for gross proceeds of up to $200,000 [1][2] - Each unit consists of one common share and one whole common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of C$0.06 for five years [1] - The proceeds from the offering will be used to maintain the company and its tenements in good standing, as well as for general working capital purposes [3] Group 2 - The company may pay finder's fees of up to 6% in cash and up to 6% in finder's warrants to eligible finders in connection with the offering [2] - The closing of the offering is subject to necessary approvals, including that of the Board of Directors and the TSX Venture Exchange [2] - All securities issued will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with Canadian securities legislation [2] Group 3 - TinOne is a TSX Venture Exchange listed Canadian public company with a portfolio of tin projects in Tasmania, Australia, focusing on advancing its projects while evaluating additional opportunities [4]