Tinone Announces Effective Date of Share Consolidation
www.tinone.ca | 1
TSX.V: TORC OTCQB: TORCF
FOR IMMEDIATE RELEASE March 8, 2024
TINONE ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION
Vancouver, British Columbia ( March 8, 2024) – TinOne Resources Inc. (TSX.V: TORC) (OTCQB: TORCF)
(Frankfurt: 57Z0) (“TinOne” or the “Company”), announces that, further to the Company’s news release
dated February 21, 2024, the Company’s 10:1 share consolidation (the “ Consolidation”) will be come
effective at market open on March 11, 2024.
As a result of the Consolidation, the number of issued and outstanding common s hares of the Company
(the “Shares”) will be reduced from 86,751,806 to approximately 8,675,180 Shares, subject to adjustment
for rounding. No fractional shares will be issued as any fractional share will be rounded to the nearest
whole number. No cash consideration will be paid in respect of fractional shares. The exercise or
conversion price and/or the number of Shares issuable under any of the Company’s outstanding
convertible securities will be proportionately adjusted in connection with the Consolidation.
The Company’s new CUSIP/ISIN is: 887589208 /CA8875892082. The Company’s name and stock symbol
will remain unchanged following the Consolidation.
Registered shareholders will receive a letter of transmittal from Odyssey Trust Company, the transfer
agent for the Shares, providing instructions for the exchange of their Shares as soon as practicable. Until
surrendered, each share certificate representing pre -Consolidation Shares will represent the number of
whole post-Consolidation shares to which the holder is entitled as a result of the Consolidation. Beneficial
shareholders holding their Shares In brokerage accounts will have their positions adjusted automatically.
About TinOne
TinOne is a TSX Venture Exchange listed Canadian public company with a high -quality portfolio of tin ,
tin/tungsten and lithium projects in the Tier 1 mining jurisdictions of Tasmania and New South Wales,
Australia. The Company controls some of the most important tin districts in Tasmania, including Aberfoyle,
Rattler Range, Mount Maurice and Great Pyramid. TinOne is supported by Inventa Capital Corp.
Contact Information: For more information and to sign-up to the mailing list, please contact:
Chris Donaldson, Executive Chairman
Tel: (604) 813-3931
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
www.tinone.ca | 2
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release includes certain “Forward‐Looking Statements” within the meaning of the United States Private Securities
Litigation Reform Act of 1995 and “forward‐looking information” under applicable Canadian securities laws. When used in this
news rel ease, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “would”, “could”,
“schedule” and similar words or expressions, identify forward‐looking statements or information. These forward‐looking
statements or information relate to, among other things: the development of the Company’s projects; future mineral exploration,
development and production; and the release of a technical report detailing the MRE.
Forward‐looking statements and forward‐looking information relating to any future mineral production, liquidity, enhanced value
and capital markets profile of TinOne, future growth potential for TinOne and its business, and future exploration plans are based
on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s
experience and perception of trends, current conditions and expected developments, and other factors that management believes
are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding,
among other things, the price of gold and other metals; no escalation in the severity of public health crises ; costs of exploration
and development; the estimated costs of development of exploration projects; TinOne’s ability to operate in a safe and effect ive
manner and its ability to obtain financing on reasonable terms.
These statements reflect TinOne’s respective current views with respect to future events and are necessarily based upon a number
of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant
business, economic, competitive, polit ical and social uncertainties and contingencies. Many factors, both known and unknown,
could cause actual results, performance or achievements to be materially different from the results, performance or achievements
that are or may be expressed or implied by such forward‐looking statements or forward‐looking information and TinOne has made
assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the Company's
dependence on early stage mineral projects ; metal price volatility; risks associated with the conduct of the Company's mining
activities in Australia; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team
and outside contractors; risks regarding mine ral resources and reserves; the Company's inability to obtain insurance to cover all
risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash
flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects,
including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects ;
contests over title to properties, p articularly title to undeveloped properties; laws and regulations governing the environment,
health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of
public health crises ; the economic and financial implications of public health crises to the Company; operating or technical
difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's
interactions with surrounding communities and artisanal miners; the Company's ability to successfully integrate acquired assets;
the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; s tock
market volatility; conflicts of in terest among certain directors and officers; lack of liquidity for shareholders of the Company;
litigation risk; ongoing military conflicts around the world; and the factors identified under the caption “Risk Factors” in TinOne's
management discussion and analysis. Readers are cautioned against attributing undue certainty to forward‐looking statements
or forward‐looking information. Although TinOne has attempted to identify important factors that could cause actual results to
differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. TinOne does not
intend, and does not assume any obligation, to update these forward‐looking statements or forward‐looking information to reflect
changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as
required by applicable law.