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VANCOUVER, BC, May 18, 2023 /CNW/ - TinOne Resources Inc. (TSXV: TORC) ("TinOne" or the "Company") is pleased to announce a non-brokered private placement financing of up to 7,692,308 units of the Company (the "Units") at a price of C$0.12 per Unit for gross proceeds of up to C$1,000,000 (the "Financing"). Each Unit is comprised of one common share of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant") of the Company. Each Warrant will entitle the holder to purchase one common share of the Company at an exercise price of C$0.25 for a period of 24 months following the closing date of the Financing.
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