TinOne cuts private placement pricing to $0.05 per unit
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TinOne Resources Inc. (TSXV: TORC) (OTCQB: TORCF) (FSE: 57Z0) has revised the pricing of its non-brokered private placement from the terms initially announced July 24, 2025.
The Vancouver-based company now offers up to 4,000,000 units at $0.05 per unit, targeting gross proceeds of up to $200,000. Each unit consists of one common share and one warrant allowing the purchase of an additional common share at C$0.06 for five years following the closing date.
The company may pay finder's fees up to 6% in cash and 6% in finder's warrants to eligible finders in connection with the offering.
The offering requires approval from the Board of Directors and the TSX Venture Exchange. Securities issued will be subject to a four-month-plus-one-day statutory hold period under Canadian securities legislation.
TinOne plans to use proceeds to maintain the company and tenements in good standing and for general working capital purposes.
The company operates tin projects in Tasmania, Australia, according to the press release statement.
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