Tombill Mines Ltd Announces $500,000 Private Placement

Toronto, Ontario — Tombill Mines Limited (TSXV: TBLL), a mineral mining company operating in Canada, has announced its intention to complete a non-brokered private placement of up to $500,000. The company, listed on the TSX Venture Exchange, aims to raise funds through the issuance of up to 50,000,000 units, each priced at $0.01. This move is part of Tombill’s strategy to bolster its financial position and support its ongoing operations.

Each unit in the offering comprises one common share and one common share purchase warrant. The warrant allows the holder to purchase an additional common share at a price of $0.05, valid for a period of sixty months following the closing of the placement. This structure is designed to provide potential investors with an opportunity to benefit from future growth in the company’s share price.

The private placement was announced on May 23, 2025, and has been a focal point for Tombill Mines Ltd. The company’s shares were halted at 12:25 p.m. PT on the same day, as reported by the Canadian Investment Regulatory Organization. This halt was likely implemented to facilitate the announcement and ensure orderly trading conditions.

As of the close of trading on May 20, 2025, Tombill Mines Ltd’s share price stood at $0.01, marking both the 52-week high and low. The company’s market capitalization is currently valued at 3,322,552 CAD. The private placement is a significant development for Tombill, given its recent financial performance and market position.

The company’s official website, www.tombillmines.com , provides further details about its operations and strategic initiatives. Tombill Mines Ltd continues to focus on its core activities in the mineral mining sector, leveraging its resources and expertise to navigate the challenges and opportunities within the industry.

This private placement represents a critical step for Tombill Mines Ltd as it seeks to enhance its financial stability and support its long-term growth objectives. Investors and stakeholders are closely monitoring the company’s progress and the potential impact of this funding initiative on its future prospects.