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TINONE ANNOUNCES PRIVATE PLACEMENT FINANCING OF UNITS FOR GROSS PROCEEDS OF $1,000,000
TINONE ANNOUNCES PRIVATE PLACEMENT FINANCING OF UNITS FOR GROSS PROCEEDS OF $1,000,000 ...
About this update from Tinone Resources Inc
[{"type":"text","content":"\n \n \n \n TINONE ANNOUNCES PRIVATE PLACEMENT FINANCING OF UNITS FOR GROSS PROCEEDS OF $1,000,000\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n May 18, 2023\n \n \n /CNW/ -\n \n TinOne Resources Inc.\n \n (TSXV: TORC) (\"\n \n TinOne\n \n \" or the \"\n \n Company\n \n \") is pleased to announce a non-brokered private placement financing of up to 7,692,308 units of the Company (the \"\n \n Units\n \n \") at a price of\n \n C$0.12\n \n per Unit for gross proceeds of up to\n \n C$1,000,000\n \n (the \"\n \n Financing\n \n \"). Each Unit is comprised of one common share of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a \"\n \n Warrant\n \n \") of the Company. Each Warrant will entitle the holder to purchase one common share of the Company at an exercise price of\n \n C$0.25\n \n for a period of 24 months following the closing date of the Financing.\n \n \n \n \n \n \n \n \n \n \n \"We are extremely encouraged by the drill results from our exploration program at the Company's Great Pyramid tin project and the unexpected lithium find at our\n \n Aberfoyle\n \n project, both of which are located in the Tier 1 mining jurisdiction of\n \n Tasmania, Australia\n \n \n ,\" commented\n \n Chris Donaldson\n \n , Executive Chairman. \"\n \n Additional funds raised in this placement will allow TinOne to achieve key catalysts by enabling us to update the resource for Great Pyramid and extend the exciting lithium and tin mapping and sampling program at\n \n Aberfoyle\n \n . This small financing allows new and existing shareholders of our highly prospective tin company that has critical mineral assets in a Tier 1 jurisdiction, to participate at an attractive level\n \n .\"\n \n \n In connection with the Financing, the Company may pay finder's fees up to 6% cash and up to 6% in ...