TinOne Pays Debenture Interest in Shares as Holders Convert $569,000 to Equity

TINONE RESOURCES INC ( (TSE:TORC) ) has issued an update.

TinOne Resources Inc. has announced that certain convertible debentures with an aggregate principal value of $569,000 were converted into 3,924,138 common shares on March 18, 2026, at the election of the debenture holders. Under the debenture terms, the company has also chosen to satisfy $108,283.58 of accrued interest by issuing 832,951 additional common shares at a price of $0.13 per share, rather than paying cash.

This share-based interest payment, which remains subject to TSX Venture Exchange approval and will be subject to a four-month hold period, helps TinOne preserve cash as it advances its tin projects in Tasmania. The move modestly increases the company’s share count but may support its ongoing exploration and evaluation activities without increasing short-term cash outflows.

More about TINONE RESOURCES INC

TinOne Resources Inc. is a Canadian public company listed on the TSX Venture Exchange that focuses on tin exploration and development. It holds a portfolio of high-quality tin projects in Tasmania, Australia, and is advancing these assets while evaluating additional tin opportunities in top-tier mining jurisdictions.

Average Trading Volume: 57,418

Technical Sentiment Signal: Hold

Current Market Cap: C$2.31M

For a thorough assessment of TORC stock, go to TipRanks’ Stock Analysis page.