Tincorp Finalizes Private Fundraising Round
Tincorp Metals Inc., a mineral exploration company focused on tin projects in Bolivia and owning a gold project near Whitehorse, Yukon, Canada, has announced the closing of a non-brokered private placement on September 16, 2025.
The Offering, which was conducted in reliance upon available exemptions from prospectus requirements of Canadian securities laws, saw the issuance of 3,000,000 common shares at $0.125 per share, generating gross proceeds of $375,000. Notably, the interim CEO of Tincorp Metals Inc., Victor Feng, was mentioned in the article.
The securities issued are subject to a statutory four-month and one-day hold period from the closing date. The Offering remains subject to the final acceptance of the TSX Venture Exchange.
Silvercorp Metals Inc., a related party, subscribed for 874,423 Shares, maintaining its pro rata interest of 29.15% of the outstanding Shares of the Company. This participation by insiders in the Offering constitutes a 'related party transaction' under Multilateral Instrument 61-101.
In connection with the Offering, the Company paid an aggregate cash finder's fee of $1,800 to an arm's length finder. It is important to note that the securities described herein have not been registered under the United States Securities Act of 1933, and may not be offered or sold within the United States or to U.S. persons except in compliance with registration requirements or exemptions therefrom.
The net proceeds from the Offering will be used for working capital requirements and general corporate purposes.
This news serves as an update for investors and stakeholders, providing clarity on Tincorp Metals Inc.'s recent activities and financial standing. As always, investors are encouraged to consult with their financial advisors for personalized investment advice.
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