TINONE CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT FINANCING

About this update from Tinone Resources Inc

[{"type":"text","content":"\n \n \n \n TINONE CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT FINANCING\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 July 14, 2023\n \n \n /CNW/ -\n \n TinOne Resources Inc.\n \n (TSXV: TORC) (OTCQB: TORCF) (\"\n \n TinOne\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has closed its final tranche of the non-brokered private placement financing, previously announced on\n \n May 18, 2023\n \n ,\n \n June 2, 2023\n \n and\n \n June 26, 2023\n \n , raising an additional\n \n C$153,000\n \n .  The Company overall raised gross proceeds of\n \n C$781,000\n \n issuing a total of 6,508,330 units of the Company (the \"\n \n Units\n \n \") at a price of\n \n C$0.12\n \n per Unit (the \"\n \n Financing\n \n \").\n \n \n \n \n \n \n \n \n \n \"\n \n Thanks to the continued support of our shareholders, advisors and insiders, TinOne can continue its exploration program which is focused on confirming and expanding upon the historical tin resource at the Great Pyramid project and exploring our new lithium find at\n \n Aberfoyle\n \n , which is located in an emerging Tin-Lithium district in northeastern\n \n Tasmania, Australia\n \n \n \n ,\n \n \" commented\n \n Chris Donaldson\n \n , Executive Chairman of the Company.\n \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, expiring\n \n June 2, 2025\n \n ,\n \n June 26, 2025\n \n and\n \n July 14, 2025\n \n .\n \n \n The Financing is subject to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and necessary regulatory approval...

More updates from Tinone Resources Inc