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Tincorp Metals Inc. (TINFF) is a mineral exploration company focusing on tin projects in Bolivia and a gold project near Whitehorse, Yukon, Canada. The company has signed agreements to acquire a 100% interest in the Porvenir Project and SF Tin Project. Ongoing drilling campaigns at the Porvenir Project have yielded promising results, with significant mineralization identified in multiple drill holes. The company maintains strict quality control and assurance protocols throughout its exploration program, ensuring accurate and reliable data. CEO Gordon Neal is optimistic about the future prospects of Tincorp's projects, emphasizing the value of their mineral assets and commitment to unlocking their full potential.
Tincorp Metals (TSXV: TIN) (OTCQX: TINFF) announces a non-brokered private placement to raise up to $140,000 by selling 1,244,444 shares at $0.1125 per share, representing a 25% discount to the last closing price. The offering is expected to close by December 31, 2024. Additionally, the company plans to extend the exercise period of 6,403,750 warrants (exercisable at $0.65 per share) by three years, with new expiry dates in December 2027 and January 2028. The proceeds will be used for working capital and general corporate purposes.
Tincorp Metals has announced that its Omnibus Equity Incentive Plan has received approval from the TSX Venture Exchange. This plan, which was also approved by shareholders on June 21, 2024, replaces the company's existing stock option plan. It allows for the grant of options to purchase up to 10% of the total issued and outstanding common shares, amounting to 6,690,742 common shares. Additionally, the company has granted 2,440,000 stock options to its directors, officers, employees, and consultants. These options are exercisable over five years at a price of $0.25 per share, with vesting occurring in six equal tranches over three years.
Tincorp Metals announced the results of its Annual General and Special Meeting held on June 21, 2024. Shareholders approved all resolutions, including the election of five directors: Dr. Rui Feng, Lorne Waldman, Bhakti Pavani, Alex Zhang, and Hernan Uribe-Zeballos. Deloitte LLP was reappointed as the company's auditors. The Omnibus Equity Incentive Plan, allowing for the grant of options to purchase up to 10% of the total issued and outstanding common shares, was also approved. The plan awaits final approval from the TSX Venture Exchange.
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