TinOne Resources Closes $750,000 Private Placement Financing

TinOne Resources Inc., a TSX Venture Exchange-listed company with a focus on tin and tungsten projects in Tasmania, Australia, has successfully closed a non-brokered private placement financing round, raising gross proceeds of $750,000. The company issued 15,000,000 units (Units) at a price of $0.05 per Unit (the Offering), with each Unit consisting of one common share (a Share) and one common share purchase warrant (a Warrant). Holders of these warrants will have the right to purchase one Share at an exercise price of C$0.10 until October 1, 2028.

In connection with the Offering, TinOne paid finders fees of C$6,000 in cash and issued 120,000 finders warrants to eligible arm's length finders. Each finders warrant entitles the holder to purchase one Share (a Finder Warrant Share) at a price of $0.10 per Finder Warrant Share until October 1, 2028. Insiders of the company subscribed for an aggregate of 3,700,000 Units, contributing gross proceeds of $185,000 to the Offering. This participation by insiders constitutes a related-party transaction as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (MI 61-101). The issuance of securities is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(b) of MI 61-101 as the common shares of the company are listed on the TSXV. The issuance of securities is also exempt from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to Subsection 5.7(1)(b) of MI 61-101 as the fair market value was less than $2,500,000.

The net proceeds from the Offering will be used to advance the company's Tasmanian projects and for working capital purposes. TinOne issued a total of 1,000,000 incentive options to directors, officers, and contractors of the company. 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 closing of the Offering remains subject to final approval from the TSX Venture Exchange.

The company emphasizes that the securities issued have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.