Tinone increases private placement to $300,000

Executive Summary

• Tinone Resources Inc. upsized its non‑brokered private placement to a maximum of 6 million units at $0.05 per unit, targeting gross proceeds of up to $300,000.
• Each unit now includes one common share and one warrant; the warrant exercise price was revised to $0.065 per share with a five‑year term.
• The company may pay finders’ fees of up to 6 % cash and 6 % warrants, and proceeds will be used for maintaining tenements and general working capital.

Key Details

• Offering Size: Up to 6,000,000 units (previously announced July 24 2025; amended July 30 2025).
• Unit Price: $0.05 per unit → gross proceeds up to $300,000.
• Unit Composition: 1 common share + 1 common share purchase warrant.
• Warrant Terms: Revised exercise price of $0.065 per share; exercisable for five years after closing.
• Finder Compensation: Up to 6 % cash and up to 6 % warrants payable to eligible finders.
• Closing Conditions: Subject to board approval, TSX Venture Exchange approval, and receipt of all required regulatory consents.
• Statutory Hold Period: Securities subject to a four‑month plus one day hold period per Canadian securities law.
• Use of Proceeds: To maintain the company’s tenements in good standing and for general working capital purposes.

Notable Quotes

(No executive quotes were provided in the release.)