Business
Tombill Announces Strategic Investment and Royalty Transaction with Dynamo Metals
Toronto, Ontario--(Newsfile Corp. - June 16, 2026) - Tombill Mines Limited (TSXV: TBLL) (the "Company" or "Tombill") is pleased to announce that it has agreed to the principal terms of a proposed strategic investment and royalty transaction (the "Transaction") with Dynamo Metals ("Dynamo"). The Transaction is expected to include (i) a non-brokered private placement (the "Offering") of units of the Company and (ii) the sale of a net smelter return royalty on the Company's mineral patents.Private.
About this update from Tombill Mines Ltd.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - June 16, 2026) - Tombill Mines Limited (TSXV: TBLL) (the "Company" or "Tombill") is pleased to announce that it has agreed to the principal terms of a proposed strategic investment and royalty transaction (the "Transaction") with Dynamo Metals ("Dynamo"). The Transaction is expected to include (i) a non-brokered private placement (the "Offering") of units of the Company and (ii) the sale of a net smelter return royalty on the Company's mineral patents.","length":546,"tagName":"p"},{"type":"text","content":"Private Placement","length":17,"tagName":"p"},{"type":"text","content":"The private placement consists of 28,950,546 units of the Company (each, a "Unit") at a price of C$0.02 per Unit for gross proceeds of C$579,011. Each Unit comprises one common share (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire one Common Share at a price of C$0.05 for a period of 36 months following closing. On a non-diluted, post-closing basis, Dynamo holds approximately 9.9% of the Company.","length":497,"tagName":"p"},{"type":"text","content":"In connection with the private placement, the Company and Dynamo have entered into an investor rights agreement (the "Investor Rights Agreement"). For so long as Dynamo holds at least 5% of the Company's outstanding Common Shares, it has the right to participate in future equity financings to maintain its interest up to 9.9%. Dynamo has agreed to a standstill, under which it will not increase its position above 9.9% without the prior consent of Tombill, to support the Company's board recommendations, and to a 12-month lock-up on the securities issued under the private placement.","length":603,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds from the Offering for general working capital, property maintenance, exploration planning, technical work, transaction costs and other general corporate purposes.","length":206,"tagName":"p"},{"type":"text","content":"The securities issued pursuant to the Offering will be subject to a hold period of four months plus one day from the date of closing in accordance with applicable Canadian securities laws and the policies of the TSXV.","le...