Original News Release
Tinone closes $300,000 private placement
Mr. Chris Donaldson reports
TINONE CLOSES $300,000 PRIVATE PLACEMENT FINANCING
Tinone Resources Inc. has closed its non-brokered private placement previously announced on July 24, 2025, and as amended on July 30, 2025, and Aug. 19, 2025, raising gross proceeds of $300,000. A total of six million units were issued at a price of five cents per unit.
Each unit is composed of one common share and one common share purchase warrant of the company. Each warrant will entitle the holder to purchase one share at an exercise price of 6.5 cents until Sept. 2, 2030.
In connection with the offering, the company paid finders' fees of $5,580 in cash and issued 111,600 finders' warrants of the company to eligible arm's-length finders. Each finder's warrant entitles the finder to purchase one share at a price of 6.5 cents per finder's warrant share until Sept. 2, 2028.
The securities issued pursuant to and in connection with the offering, including all securities issuable upon exercise thereof, are subject to a four-month-and-one-day hold period under applicable Canadian securities laws.
The net proceeds from the offering will be used to maintain the company and tenements in good standing, as well as for working capital purposes.
About Tinone Resources Inc.
Tinone is a TSX Venture Exchange-listed Canadian public company with a high-quality portfolio of tin projects in the Tier 1 mining jurisdictions of Tasmania, Australia.
We seek Safe Harbor.
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