TinOne Resources Inc. has launched a non-brokered private placement aiming to raise up to C$750,000 in gross proceeds to fund exploration work across its Tasmanian asset portfolio and support general working capital requirements.

The financing package involves the issuance of up to 15 million units priced at C$0.05 per unit. Every unit consists of one common share and one full common share purchase warrant. Each attached warrant entitles the holder to purchase one common share at an exercise price of C$0.10 for a period of 24 months following the closing date of the offering. In connection with the placement, the company may pay finder's fees of up to 6% in cash and up to 6% in finder's warrants to eligible finders.

Proceeds from the offering are earmarked specifically for advancing the company's projects in Tasmania, which include the 100% owned Great Pyramid tin project. That asset currently holds an initial mineral resource estimate of 8.4 million tonnes at an average grade of 0.17% tin. TinOne also controls the Aberfoyle project within the region, where exploration work has previously reported tin, tungsten, and lithium mineralization.

The financing initiative follows the recent appointment of Rob Curtis as Chief Executive Officer, succeeding Chris Donaldson, who remains on the board as non-executive chair.

Completion of the private placement remains conditional on receiving all necessary corporate approvals, including formal acceptance from the TSX Venture Exchange and the company's board of directors. All securities issued under the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable Canadian securities legislation.

Read the full announcement: TinOne Announces Private Placement Financing of Units for Gross Proceeds of up to C$750,000