05:37:49 EDT Fri 02 Oct 2026
Enter Symbol
or Name
USA
CA



Tinone Resources Inc (2)
Symbol TORC
Shares Issued 21,890,585
Close 2026-10-01 C$ 0.145
Market Cap C$ 3,174,135
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Tinone closes $750,000 private placement

2026-10-02 04:25 ET - News Release

Mr. Rob Curtis reports

TINONE CLOSES $750,000 PRIVATE PLACEMENT FINANCING

Tinone Resources Inc. has closed its non-brokered private placement previously announced on Sept. 9, 2026, raising gross proceeds of $750,000. A total of 15 million units were issued at a price of five cents per unit.

Each unit is composed of one common share and one common share purchase warrant of the company. Each warrant will entitle the holder to purchase one share at an exercise price of 10 cents until Oct. 1, 2028.

In connection with the offering, the company paid finders' fees of $6,000 in cash and issued 120,000 finders' warrants of the company to eligible arm's-length finders. Each finder's warrant entitles the finder to purchase one share at a price of 10 cents per finder's warrant share until Oct. 1, 2028.

The securities issued pursuant to and in connection with the offering, including all securities issuable upon exercise thereof, are subject to a four-month-and-one-day hold period under applicable Canadian securities laws. Closing of the offering remains subject to final approval from the TSX Venture Exchange.

The net proceeds from the offering will be used to advance the company's Tasmanian projects, as well as for working capital purposes.

Insiders of the company subscribed for an aggregate of 3.7 million units for gross proceeds of $185,000 under the offering. Participation by insiders of the company in the offering constitutes a related-party transaction as defined under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The issuance of securities is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(b) of MI 61-101 as the common shares of the company are listed on the TSX-V. The issuance of securities is also exempt from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to Subsection 5.7(1)(b) of MI 61-101 as the fair market value was less than $2.5-million.

The company issued a total of one million incentive options to directors, officers and contractors of the company.

About Tinone Resources Inc.

Tinone is a TSX Venture Exchange-listed Canadian public company with a high-quality portfolio of tin and tungsten projects in the Tier 1 mining jurisdictions of Tasmania, Australia.

We seek Safe Harbor.

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