TINONE RESOURCES INC (TSE:TORC) has released an update.
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TinOne Resources Inc. has launched a private placement financing strategy to raise up to $750,000 through the sale of convertible debentures and share purchase warrants, with an additional transaction to address outstanding debt by issuing common shares. This capital will fuel exploration drilling and support the company’s working capital and general corporate needs. Both initiatives are pending regulatory approval and aim to enhance the company’s financial health without depleting cash reserves.
For further insights into TSE:TORC stock, check out TipRanks’ Stock Analysis page.