Tincorp Announces Results of Annual General Meeting

Rhea-AI Summary

Tincorp Metals (OTCQX: TINFF) held its Annual General Meeting with 51.21% of shareholders participating. All proposed resolutions were approved by significant majorities. Shareholders elected five directors to the board, with each receiving over 98.9% approval. Deloitte LLP was reappointed as the company's auditor with 99.95% support.

The company's Omnibus Equity Incentive Plan was re-approved with 98.65% of votes in favor. The Plan permits option grants up to 10% of total issued shares and equity incentive securities to acquire up to 6,815,186 common shares, pending TSX Venture Exchange final approval.

Vancouver, British Columbia--(Newsfile Corp. - June 27, 2025) - Tincorp Metals Inc. (TSXV: TIN) (OTCQX: TINFF) ("Tincorp" or the "Company") is pleased to report that all resolutions were approved today at the Company's Annual General Meeting of shareholders (the "Meeting"). The voting results are as follows:

Total issued and outstanding Common Shares as at Record Date:	68,151,868
Total percentage of Common Shares voted:	51.21%

Matter Voted Upon	Voting Result
Fixing the number of directors of the Company at five (5)	The number of directors of the Company for the ensuing year was fixed at five (5), by a majority of shareholders:
	Votes For						Votes against
	34,881,314			99.95%			16,905				0.05%
Election of Directors	The following nominees were elected as directors of the Company until the next annual meeting of shareholders of the Company, by a majority of shareholders:
			Votes For					Votes Withheld/  Abstained				Non Votes
	Dr. Rui Feng		33,742,436			99.87%		42,717		0.13%		1,113,066
	Lorne Waldman		33,741,970			99.87%		43,183		0.13%		1,113,066
	Bhakti Pavani		33,418,700			98.92%		366,453		1.08%		1,113,066
	Alex Zhang		33,742,265			99.87%		42,888		0.13%		1,113,066
	Hernan Uribe- Zeballos		33,743,882			99.88%		41,271		0.12%		1,113,066
Appointment of Deloitte LLP, as Auditors of the Company	Deloitte LLP, Independent Registered Public Accounting Firm, was reappointed as the Company's auditors for the ensuing year, and the directors were authorized to fix their remuneration, by a majority of shareholders:
	Votes For						Votes Withheld/  Abstained
	34,879,965			99.95%			18,254				0.05%
Re-approval of the Company's Omnibus Equity Incentive Plan (the "Plan")	The Plan was re-approved by a majority of shareholders:
	Votes For				Votes Against				Non Vote
	33,329,494	98.65%			455,659		1.35%		1,113,066

 

Re-approval of the Company's Omnibus Equity Incentive Plan (the "Plan")

The Plan has been re-approved by the Company's shareholders at the Meeting. The Plan allows for the grant of options to purchase up to 10% of the total issued and outstanding common shares calculated on the date of the grant, and the grant of other forms of equity incentive securities to acquire up to 6,815,186 common shares. Re-approval of the Plan remains subject to the final approval of the TSX Venture Exchange.

About Tincorp

Tincorp Metals Inc. is a mineral exploration company focused on tin projects in Bolivia and owns a gold project near Whitehorse, Yukon, Canada. The Company owns 100% of its Porvenir Project and has signed an agreement to acquire a 100% interest in the nearby SF Project, both located 70 km southeast of Oruro, Bolivia. Tincorp has also signed an agreement to sell its Skukum Gold Project to Blue Jay Gold Corp. Subject to the satisfaction of certain closing conditions, the transaction is expected to be completed in the third quarter of 2025.

On Behalf of Tincorp Metals Inc.
Victor Feng, Interim CEO

For further information, please contact:
Investor Relations, Tincorp Metals Inc.
Phone: +1 (604)-336-5919
Email: info@tincorp.com
www.tincorp.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collective, "forward looking statements") within the meaning of applicable Canadian and U.S. securities legislation. All statements, other than statements of historical fact included in this release, including, without limitation, statements regarding re-approval of the Company's Omnibus Equity Incentive Plan by the TSX Venture Exchange are forward-looking statements. Forward-looking statements are often, but not always, identified by words or phrases such as "expects", "is expected", "anticipates", "believes", "plans", "projects", "estimates", "assumes", "intends", "strategies", "targets", "goals", "forecasts", "objectives", "budgets", "schedules", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Forward-looking statements are based on the opinions, assumptions, factors and estimates of management considered reasonable at the date the statements are made.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.

Additional information in relation to the Company, can be obtained under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.tincorp.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257208

FAQ

What were the key results of Tincorp Metals (TINFF) 2025 Annual General Meeting?

All resolutions were approved with strong majority support, including the election of five directors (each receiving over 98.9% approval), reappointment of Deloitte LLP as auditors (99.95% support), and re-approval of the Equity Incentive Plan (98.65% support).

What is Tincorp's (TINFF) new Omnibus Equity Incentive Plan?

The Plan allows for option grants up to 10% of total issued shares and equity incentive securities to acquire up to 6,815,186 common shares, subject to TSX Venture Exchange approval.

Who are the directors elected to Tincorp's (TINFF) board in 2025?

The elected directors are Dr. Rui Feng, Lorne Waldman, Bhakti Pavani, Alex Zhang, and Hernan Uribe-Zeballos, each receiving over 98.9% approval from shareholders.

What was the shareholder participation rate at Tincorp's (TINFF) 2025 AGM?

51.21% of the total issued and outstanding common shares were voted at the Annual General Meeting.