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TINONE CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT FINANCING
TINONE CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT FINANCING Canada NewsWire TS...
About this update from Tinone Resources Inc
[{"type":"text","content":"\n \n \n \n TINONE CLOSES FIRST 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 TSX.V: TORC   OTCQB: TORCF\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 VANCOUVER, BC\n \n \n ,\n \n \n June 2, 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 the first tranche of the non-brokered private placement financing, previously announced on\n \n May 18, 2023\n \n , raising gross proceeds of\n \n C$296,420\n \n .  A total of 2,470,166 units of the Company (the \"\n \n Units\n \n \") were issued 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 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 and will expire on\n \n June 2, 2025\n \n .\n \n \n The Company paid cash finder's fees equal to\n \n $4,561\n \n and issued 38,010 finders warrants of the Company, to acquire that number of common shares in the capital of the Company at\n \n $0.25\n \n per share and they will expire on\n \n June 2, 2025\n \n .\n \n \n The Company will continue to raise additional funds up to\n \n C$1,000,000\n \n as outlined in the Company's\n \n May 18\n \n \n th\n \n , 2023 news release for up to a total of 8,333,333 units.  The Company notes that the\n \n May 18\n \n \n th\n \n news release stated the incorrect number of units, 7,692,308 units, but stated correct gross proceeds of\n \n C$1,000,000\n \n .\n \n \n The Financing is subject to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange...