Business
Adam Horne Acquires 6,666,667 Units of Tombill Mines
Toronto, Ontario and Geraldton, Ontario--(Newsfile Corp. - November 3, 2023) - Tombill Mines Limi...
About this update from Tombill Mines Ltd.
[{"type":"text","content":"Adam Horne Acquires 6,666,667 Units of Tombill MinesToronto, Ontario and Geraldton, Ontario--(Newsfile Corp. - November 3, 2023) - Tombill Mines Limited (TSXV: TBLL) (the \"Company\", \"Tombill\") announces that Adam Horne will file an early warning report advising of his acquisition of 6,666,667 units (\"Units\") of Tombill Mines Limited (the \"Issuer\").Mr Horne subscribed for a total of 6,666,667 Units, at a price of $0.015 per Unit, for a total subscription of $100,000. Early Warning Disclosure Pursuant to National Instrument 62-103Immediately prior to completion of the offering, Mr. Horne held 30,964,724 Common Shares representing approximately 17.9% of the issued and outstanding Common Shares.Pursuant to the offering which was completed on November 2, 2023, Mr. Horne acquired 6,666,667 Common Shares. Mr. Horne now beneficially owns or controls 37,631,391 Common Shares, plus Warrants and Options, representing approximately 16.99% of the issued and outstanding Common Shares on a non-diluted basis and approximately 16.60% of the issued and outstanding Common Shares on a partially diluted basis, assuming the exercise of the all of the Warrants and Options held and controlled by Mr. Horne. The Common Shares and Warrants of the Issuer were acquired for investment purposes. Presently, Mr. Horne has no intention of acquiring any securities of the Issuer. Mr. Horne may acquire ownership of or control over further securities of the Issuer in the future depending upon market circumstances. Increase or decrease in ownership of securities of the Issuer will depend on numerous conditions, including the price of the Common Shares and general market conditions.This news release is issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues of the Canadian Securities Administrators, which also requires an early warning report to be filed with the applicable securities regulators containing additional information with respect to the foregoing matters. A copy of the early warning report in connection with the foregoing will appear under the Issuer's profile on SEDAR (www.sedar.com).About TombillFounded 1935, by Newmont Mining and prospectors' 'Tom' and 'Bill' Johnson, Tombill (TSXV: TBLL) (OTCQB: TBLLF) owns 2 of the 10 past-producing mines in the Geraldton ...