$TIN.V

2 stories mentioning TIN.VUpdated 15d ago

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Tincorp Metals to Change Name to Auro Metals

Tincorp Metals (TIN.V) filed a Notice of Alteration to change its name to "Auro Metals Inc." effective June 11, it said on Tuesday.There is no change in the capitalization structure of the company as a result of the change of name, it said. Its shares will start trading on the TSX Venture Exchange under the new stock symbol "AURO" and on the OTC Pink Sheets under the new stock symbol "AURFF", effective June 11."The decision to change the name reflects the company's focus on its recently acquired Santa Barbara Gold-Copper Project located in the Zamora Copper-Gold Belt of southeastern Ecuador," said the company in a statement.Its restricted shares and warrants remain subject to a hold period expiring on July 25. Each two-year restricted warrant entitles the holder to buy a share for $0.65.The company will adopt a new logo and launch a new website. Its office location and phone number remain the same, it added.Shares of the company were last seen down $0.02 to $1.09 on the TSX Venture Exchange.Price: $1.09, Change: $-0.02, Percent Change: -1.80%

$TIN.V

Mining & Metals40d ago

Update: Silvercorp Metals Declares Receipt of Common Shares Related to Santa Barbara Acquisition

(Adds ticker for Tincorp Metals in first paragraph)Silvercorp Metals (SVM.TO) has acquired beneficial ownership of 15 million common shares under a share purchase agreement with Tincorp Metals (TIN.V) and Silvercorp subsidiary Adventus Mining, the company said late on Thursday.The common share issuance was made in connection with Tincorp's acquisition of the Santa Barbara gold-copper project in Ecuador.The shares were acquired as partial consideration for the Santa Barbara acquisition and for investment purposes.On May 13, Tincorp issued 43.8 million common shares and 21.9 million common share purchase warrants upon conversion of the 43.8 million subscription receipts issued by Tincorp on March 24.Prior to the conversion and the acquisition, Silvercorp owned 20.7 million common shares, representing about 28.9% of the issued and outstanding common shares.Following the conversion, Silvercorp owned about 17.9% of the issued and outstanding common shares.In connection with the closing of the Santa Barbara acquisition, Tincorp issued the consideration shares to Adventus, resulting in Silvercorp owning 35.7 million common shares, representing about 27.4% of the issued and outstanding common shares.

$SVM.TO$TIN.V

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