Adam Horne Acquires 6,666,667 Units of Tombill Mines
Adam Horne Acquires 6,666,667 Units of
Tombill Mines
Toronto, Ontario and Geraldton, Ontario--(Newsfile Corp. - November 3, 2023) - Tombill Mines Limited
(TSXV: TBLL) (the "Company", "Tombill") announces that Adam Horne will file an early warning report
advising of his acquisition of 6,666,667 units ("
Units
") of Tombill Mines Limited (the "
Issuer
").
Mr Horne subscribed for a total of 6,666,667 Units, at a price of $0.015 per Unit, for a total subscription
of $100,000.
Early Warning Disclosure Pursuant to National Instrument 62-103
Immediately prior to completion of the offering, Mr. Horne held 30,964,724 Common Shares
representing approximately 17.9% of the issued and outstanding Common Shares.
Pursuant to the offering which was completed on November 2, 2023, Mr. Horne acquired 6,666,667
Common Shares. Mr. Horne now beneficially owns or controls 37,631,391 Common Shares, plus
Warrants and Options, representing approximately 16.99% of the issued and outstanding Common
Shares on a non-diluted basis and approximately 16.60% of the issued and outstanding Common
Shares on a partially diluted basis, assuming the exercise of the all of the Warrants and Options held and
controlled by Mr. Horne.
The Common Shares and Warrants of the Issuer were acquired for investment purposes. Presently, Mr.
Horne has no intention of acquiring any securities of the Issuer. Mr. Horne may acquire ownership of or
control over further securities of the Issuer in the future depending upon market circumstances. Increase
or decrease in ownership of securities of the Issuer will depend on numerous conditions, including the
price of the Common Shares and general market conditions.
This news release is issued pursuant to National Instrument 62-103 –
The Early Warning System and
Related Take-Over Bid and Insider Reporting Issues
of the Canadian Securities Administrators, which
also requires an early warning report to be filed with the applicable securities regulators containing
additional information with respect to the foregoing matters.
A copy of the early warning report in
connection with the foregoing will appear under the Issuer's profile on SEDAR (
www.sedar.com
).
About Tombill
Founded 1935, by Newmont Mining and prospectors' 'Tom' and 'Bill' Johnson, Tombill (TSXV: TBLL)
(OTCQB: TBLLF) owns 2 of the 10 past-producing mines in the Geraldton gold district, 4 claim groups,
of which 3 are situated in the Geraldton gold district of north-central Ontario (about 225 km NE of
Thunder Bay).
Geraldton offers optimal and installed mining infrastructure.
Holdings comprise 74 royalty-
free mining claims (60 fully owned patented claims, 5 leases, 9 mineral rights only). Of these, the 51-
patented claim Main Group is in the center of the Geraldton Gold District and straddles the Trans-
Canada Highway; the 5-claim Ellis Group lies 4 km south of the town of Geraldton; and the original
Tombill Mine group of 6-patented claims sits 10 km west-southwest of Geraldton. The Tombill Gold Mine
produced 68,737 high-grade gold oz between 1938 and 1942 in the southeast corner of the claim group.
The Talmora Longlac Mine, located in the northeast of the Main Group property, was built in 1941, but
saw only minor production before closing in 1942 (1,406 gold oz). The Main Group borders on the
property of the under-construction Greenstone Mine, which will be one of Canada's largest gold mines
with production aimed for first half 2024.
Location Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7659/186248_bc4e3ea04451f929_002full.jpg
For more information, please visit
www.tombillmines.com
, and contact:
Adam Horne
CEO
Email:
Tel: +1 647 493 8270
Cautionary Note Regarding Forward-Looking Information
Certain information contained herein constitutes "forward-looking information" under Canadian
securities legislation. Forward-looking information includes, but is not limited to, statements with
respect to its exploration program. Generally, forward-looking information can be identified by the use
of forward-looking terminology such as "will" or variations of such words and phrases or statements
that certain actions, events or results "will" occur. Forward-looking statements are based on the
opinions and estimates of management as of the date such statements are made, and they are
subject to known and unknown risks, uncertainties and other factors that may cause the actual results
to be materially different from those expressed or implied by such forward-looking statements or
forward-looking information. There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such
statements. Readers should not place undue reliance on forward-looking statements and forward-
looking information. The Company will not update any forward-looking statements or forward-looking
information that are incorporated by reference herein, except as required by applicable securities
laws.
Additional information identifying risks and uncertainties is contained in filings by the Company
with the Canadian securities regulators, which filings are available at
www.sedar.com
. Neither the
TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/186248