TinOne Resources Inc. announced a non-brokered of private placement financing of up to 8,333,333 units at a price of CAD 0.12 per Unit for gross proceeds of up to CAD 1,000,000 on May 18, 2023. Each Unit is comprised of one common share of the Company and one-half of one common share purchase warrant of the Company. Each Warrant will entitle the holder to purchase one common share of the Company at an exercise price of CAD 0.25 for a period of 24 months following the closing date of the Financing.

The Company may pay finder's fees up to 6% cash and up to 6% in finder's warrants to eligible finders. Closing of the Financing is subject to receipt of all necessary approvals, including that of the Board of Directors and the TSX Venture Exchange. All securities issued in connection with the Financing will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation in Canada.