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Tincorp Metals closes C$17.5M subscription offering to fund acquisition of Santa Barbara Project in Ecuador

Company Fundamentals
24 Mar 2026
GlobeNewsWire
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Bullish
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Tincorp Metals has closed a C$17.5 million subscription receipt offering, including full exercise of an overallotment option, to finance its acquisition of the Santa Barbara Gold-Copper Project in Ecuador from Silvercorp Metals. The offering included brokered and non-brokered private placements and will convert into common shares and warrants upon meeting escrow conditions. Proceeds will fund drilling programs, acquisition payments, and operational expenses. The acquisition and offering require TSXV and shareholder approvals, with closing expected after a May 5, 2026 shareholder meeting and regulatory clearances.

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