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Tincorp Announces Shareholder Approval for the Santa Barbara Acquisition and Appointment of Lon Shaver and Victor Feng to the Board of Directors
Vancouver, British Columbia--(Newsfile Corp. - May 5, 2026) - Tincorp Metals Inc.  (TSXV: T...
About this update from Tincorp Metals Inc
[{"type":"text","content":"Tincorp Announces Shareholder Approval for the Santa Barbara Acquisition and Appointment of Lon Shaver and Victor Feng to the Board of DirectorsVancouver, British Columbia--(Newsfile Corp. - May 5, 2026) - Tincorp Metals Inc. (TSXV: TIN) (\"Tincorp\" or the \"Company\") is pleased to report that all resolutions for approval as set out in the Company's Notice of Meeting and Information Circular, both dated April 2, 2026, were approved at the Company's Annual General and Special Meeting of shareholders (the \"Meeting\") held on May 5, 2026, including the approval of the acquisition of the Santa Barbara Gold-Copper Project in Ecuador, the approval of the C$17,500,000 subscription receipt financing, and the appointment of two new directors to the Board. A total of 41,798,461 or 58.70% of the Company's issued and outstanding common shares (\"Common Shares\") as of the record date were represented at the Meeting.Approval of the Santa Barbara Acquisition and C$17.5M Subscription Receipts Financing Shareholders approved the acquisition of all issued and outstanding shares of Santa Barbara Metals Inc. (\"Santa Barbara\"), an indirect, wholly-owned subsidiary of Silvercorp Metals Inc., which holds the assets comprising the Santa Barbara Gold-Copper Project located in the Zamora Copper-Gold Belt in southeastern Ecuador (the \"Acquisition\"). Shareholders also approved the issuance of 43,750,000 subscription receipts (the \"Subscription Receipts\") at a price of C$0.40 per Subscription Receipt for aggregate gross proceeds of C$17,500,000 (the \"Offering\"). For the purposes of obtaining disinterested shareholder approval and minority approval in accordance with TSXV Policy 5.3 - Acquisitions and Dispositions of Non-Cash Assets and MI 61-101, respectively, the votes attached to an aggregate of 30,998,212 Common Shares, representing approximately 43.53% of the total issued and outstanding Common Shares as of the record date of the Meeting, were excluding from the resolutions approving the Acquisition and the Offering. The Offering and closing of the Acquisition remains subject to receipt of all remaining regulatory approvals including TSX Venture Exchange approval.Matter Voted UponVoted \"For\"Voted \"Against\"Approval of the Santa Barbara Acquisition Resolution21,413,099 (99.88%)25,690 (0.12%)Approval of the C$17,500,000 Financing ...