Tincorp Closes Private Placement: A Strategic Move for Growth

Tincorp Metals Inc. (TSXV: TIN) (OTCQX: TINFF) has successfully closed a non-brokered private placement, raising $140,000 from the issuance of 1,244,445 common shares at $0.1125 per share. The Company plans to use the net proceeds for working capital requirements and other general corporate purposes. This strategic move allows Tincorp to optimize its operations and fuel growth in the tin and gold markets.

Tincorp's focus on tin projects in Bolivia and a gold project near Whitehorse, Yukon, positions it well to capitalize on the growing demand for these commodities. With a 100% interest in the Porvenir Project and SF Tin Project, and a 100% owned Skukum Gold Project, Tincorp aims to enhance its competitive position in these markets. The Company's recent independent mineral resource estimate update for the Skukum Gold Project, completed in October 2022, demonstrates its commitment to exploring and developing its assets.

The private placement also includes a warrant extension, providing additional liquidity and flexibility for Tincorp's shareholders. The extension allows shareholders to potentially benefit from future price increases, as they have more time to exercise their warrants. Moreover, the extension may attract new investors, as the longer exercise period reduces the risk of missing out on potential gains.

The warrant extension also provides Tincorp with more time to exercise the warrants, potentially increasing the number of shares issued and diluting existing shareholders. However, this also allows Tincorp to tap into additional capital if market conditions improve, enhancing its financial flexibility. The extension may impact the Company's capital structure by potentially increasing the number of outstanding shares, which could affect the Company's equity value and earnings per share.

In conclusion, Tincorp's private placement and warrant extension are strategic moves that position the Company for growth in the tin and gold markets. By optimizing its working capital and providing additional liquidity and flexibility for shareholders, Tincorp is well-equipped to navigate the current market and capitalize on future opportunities.