TinOne Announces Private Placement Financing of Units for Gross Proceeds of up to C$750,000
TinOne aims to raise up to C$750,000 via a unit offering with two-year C$0.10 warrants to fund Tasmanian tin projects and working capital.
Rhea-AI Summary
TinOne Resources (TORCF) plans a non-brokered private placement of up to 15,000,000 units at C$0.05 each for gross proceeds of up to C$750,000.
Each unit will consist of one common share and one warrant, with each warrant exercisable at C$0.10 for 24 months after closing. The company may pay eligible finders up to 6% in cash and up to 6% in finders’ warrants. All securities will carry a four‑month‑plus‑one‑day hold period under Canadian law. Closing is subject to board and TSX Venture Exchange approvals. TinOne plans to use the proceeds to advance its Tasmanian tin projects and for general working capital.
Positive
- Private placement size up to C$750,000 gross proceeds at C$0.05 per unit
- Warrants attached to each unit at C$0.10, exercisable for 24 months
- Proceeds earmarked to advance Tasmanian tin projects and provide working capital
Negative
- Potential dilution from issuance of up to 15,000,000 new shares plus up to 15,000,000 warrants
- Closing of the offering remains subject to board and TSX Venture Exchange approvals
- All securities subject to a four‑month‑plus‑one‑day hold, limiting near-term liquidity for investors
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - September 9, 2026) - TinOne Resources Inc. (TSXV: TORC) (OTC Pink: TORCF) (FSE: 57Z0) ("TinOne" or the "Company") is pleased to announce a non-brokered private placement financing of up to 15,000,000 units of the Company (the "Units") at a price of C
In connection with the Offering, the Company may pay finder's fees up to
Closing of the Offering is subject to receipt of all necessary approvals, including that of the Board of Directors and the TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation in Canada.
Proceeds from the Offering will be used to advance the Company's Tasmanian projects as well as general working capital purposes.
About TinOne
TinOne is a TSX Venture Exchange listed Canadian public company with a high-quality portfolio of tin projects in the Tier 1 mining jurisdictions of Tasmania, Australia. The Company is focussed on advancing its highly prospective portfolio while also evaluating additional tin opportunities.
Contact Information: For more information and to sign-up to the mailing list, please contact:
Rob Curtis, Chief Executive Officer
Email: info@tinone.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or" should" occur or be achieved. All statements in this news release, other than statements of historical fact, including, without limitation, statements relating to the closing of the Offering, the terms of the Offering, the use of proceeds of the Offering, the receipt of acceptance of the Offering by the TSX Venture Exchange, and the plans and business of the Company are forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability of the Company to close the Offering on the terms announced or at all, and the ability of the Company to obtain acceptance by the TSX Venture Exchange. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. The Company does not assume any obligation to update these forward-looking statements should they change, except as required by applicable securities laws.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/313499
FAQ
What are the detailed terms of the TinOne private placement units and warrants?
Each unit will be issued at C$0.05 and will include one common share and one whole common share purchase warrant. Each warrant will allow the holder to buy one additional common share at an exercise price of C$0.10 for a period of 24 months following the closing date of the offering.
How many units is TinOne offering and what is the maximum raise?
TinOne is offering up to 15,000,000 units. At a price of C$0.05 per unit, this represents maximum gross proceeds of up to C$750,000, assuming the offering is fully subscribed.
What finder’s fees may be paid in connection with this financing?
The company may pay eligible finders up to 6% in cash and up to 6% in finders’ warrants based on the proceeds raised through those finders.
What restrictions will apply to the securities issued in this offering?
All securities issued in connection with the offering will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable Canadian securities legislation.
What are the conditions for closing the TinOne private placement?
Closing of the offering is conditional on receiving all required approvals, including approval from TinOne’s Board of Directors and acceptance by the TSX Venture Exchange.
How does TinOne intend to use the proceeds from the offering?
The company plans to use the net proceeds to advance its Tasmanian projects and for general working capital purposes, as stated by TinOne.