07:37:22 EDT Wed 23 Apr 2025
Enter Symbol
or Name
USA
CA



Tincorp Metals Inc
Symbol TIN
Shares Issued 66,907,423
Close 2024-12-12 C$ 0.16
Market Cap C$ 10,705,188
Recent Sedar Documents

Tincorp closes $140,000 private placement

2024-12-12 20:26 ET - News Release

Mr. Victor Feng reports

TINCORP CLOSES PRIVATE PLACEMENT

Tincorp Metals Inc. has closed its previously announced non-brokered private placement, whereby the company issued a total of 1,244,445 common shares of the company at a price of 11.25 cents per share for gross proceeds of $140,000.

The company intends to use the net proceeds from the offering for working capital requirements and other general corporate purposes.

The offering was conducted in reliance upon available exemptions from the prospectus requirements of applicable Canadian securities laws. All securities issued will be subject to a statutory four-month-and-one-day hold period from the closing date. The offering is subject to the final acceptance by the TSX Venture Exchange.

The participation by an insider of the company in the offering for $140,000 constitutes a related-party transaction for the purposes of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions), which has been adopted by the TSX Venture Exchange pursuant to its Policy 5.9 (Protection of Minority Security Holders in Special Transaction). The company relied on an exemption from the formal valuation and minority shareholder approval requirements contained in sections 5.5(a) and 5.7(a) of MI 61-101 in respect of such insider's participation, as the fair market value of the insider's participation did not exceed 25 per cent of the company's market capitalization.

About Tincorp Metals Inc.

Tincorp is a mineral exploration company focusing on tin projects in Bolivia and a gold project near Whitehorse, Yukon, Canada. The company acquired a 100-per-cent interest in the Porvenir project and the SF tin project, which are 70 kilometres southeast of Oruro, Bolivia. The company's 100-per-cent-owned Skukum gold project is approximately 84 kilometres south of Whitehorse by road. An independent mineral resource estimate update in respect of the Skukum gold project was completed in October, 2022.

We seek Safe Harbor.

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