10:54 AM EST - TinOne Resources Inc. : Announced that it has entered into a definitive purchase agreement whereby TinOne will acquire a 100% undivided interest in the Rattler Range tin project in northeastern Tasmania, Australia. Pursuant to the Definitive Agreement, TinOne will acquire a 100% undivided interest in the Rattler Range tin project in consideration for the issuance of C$100,000 of common shares in the capital of the Company. The deemed value of the Consideration Shares shall be the greater of the 15-day volume weighted average price of the Company's common shares on TSX Venture Exchange on the day prior to the closing date, and $0.10, being the closing price of the Company's common shares on the TSXV on Aug 29, 2022. Additionally, TinOne has agreed to grant the Rattler Range vendor a 2% net smelter returns royalty over the project. TinOne will have the right, at any time upon notice being given to the NSR holder, to repurchase 1/2 of the NSR for C$1,000,000 in cash. TinOne Resources Inc.
shares V.TORC are trading unchanged at $0.10.
