Tincorp Metals closes $375,000 private placement

Executive Summary

• Tincorp Metals Inc. closed a non‑brokered private placement, issuing 3 million common shares at C$0.125 per share for gross proceeds of $375,000.
• Net proceeds will be used for working capital and general corporate purposes.
• Insider participation amounted to $201,250; Silvercorp Metals subscribed for 874,423 shares ($109,302).

Key Details

• Placement Size: 3,000,000 common shares issued at C$0.125 per share.
• Gross Proceeds: $375,000; net proceeds earmarked for working capital and general corporate purposes.
• Closing Date: September 16, 2025.
• Hold Period: All securities subject to a statutory four‑month‑and‑one‑day hold period from closing.
• Insider Participation: Insiders purchased $201,250 of shares, qualifying as a related‑party transaction under MI 61‑101; exemption from formal valuation and minority approval obtained because fair market value did not exceed 25 % of market cap.
• Third‑Party Investor: Silvercorp Metals Inc. subscribed for 874,423 shares ($109,302), maintaining a 29.15 % pro‑rata interest; no new control persons created.
• Finder’s Fee: $1,800 paid to an arm’s‑length finder (6 % of gross proceeds attributable to finder‑introduced purchasers).
• Regulatory Compliance: Offering relied on exemptions from prospectus requirements under Canadian securities law and remains subject to final acceptance by the TSX Venture Exchange.

Notable Quotes

(No executive quotes were provided in the release.)