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Tincorp Metals ( (TSE:TIN) ) has provided an update.
Tincorp Metals Inc. has successfully closed a non-brokered private placement, raising $375,000 through the issuance of 3,000,000 common shares at $0.125 per share. The proceeds will be used for working capital and corporate purposes, with insider participation amounting to $201,250. Silvercorp Metals Inc. maintained its 29.15% interest by subscribing to 874,423 shares. The transaction, which did not create new control persons, is subject to TSX Venture Exchange’s final acceptance.
More about Tincorp Metals
Tincorp Metals Inc. is a mineral exploration company focused on tin projects in Bolivia and owns a gold project near Whitehorse, Yukon, Canada. The company owns 100% of its Porvenir Project and has signed an agreement to acquire a 100% interest in the nearby SF Project, both located 70 km southeast of Oruro, Bolivia. Tincorp has also signed an agreement to sell its Skukum Gold Project to Blue Jay Gold Corp.
Average Trading Volume: 15,493
Technical Sentiment Signal: Hold
Learn more about TIN stock on TipRanks’ Stock Analysis page.