Tombill Mines investor Ciardi acquires 13.33 M units Tombill Mines investor Ciardi acquires 13.33 M units
2023-11-03 11:55 ET - News Release
Mr. Adam Horne reports
GIUSEPPE CIARDI ACQUIRES 13,333,333 UNITS OF TOMBILL MINES
Giuseppe Ciardi will file an early warning report advising of his acquisition of 13,333,333 units of Tombill Mines Ltd.
Mr Ciardi subscribed for a total of 13,333,333 Units, at a price of $0.015 per Unit, for a total subscription of $200,000.
Early Warning Disclosure Pursuant to National Instrument 62-103
Immediately prior to completion of the offering, Mr. Ciardi held 6,564,760 Common Shares representing approximately 3.8% of the issued and outstanding Common Shares.
Pursuant to the offering which was completed on November 2, 2023, Mr. Ciardi acquired 13,333,333 Common Shares. Mr. Ciardi now beneficially owns or controls 19,898,093 Common Shares, Warrants and Options, representing approximately 8.98% of the issued and outstanding Common Shares on a non-diluted basis and approximately 11.73% of the issued and outstanding Common Shares on a partially diluted basis, assuming the exercise of the all of the Warrants and Options held and controlled by Mr. Ciardi.
The Common Shares and Warrants of the Issuer were acquired for investment purposes. Presently, Mr. Ciardi has no intention of acquiring any securities of the Issuer. Mr. Ciardi may acquire ownership of or control over further securities of the Issuer in the future depending upon market circumstances. Increase or decrease in ownership of securities of the Issuer will depend on numerous conditions, including the price of the Common Shares and general market conditions.
This news release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues of the Canadian Securities Administrators, which also requires an early warning report to be filed with the applicable securities regulators containing additional information with respect to the foregoing matters. A copy of the early warning report in connection with the foregoing will appear under the Issuer's profile on SEDAR (www.sedar.com).
About Tombill
Founded 1935, by Newmont Mining and prospectors' 'Tom' and 'Bill' Johnson, Tombill (TSXV: TBLL) (OTCQB: TBLLF) owns 2 of the 10 past-producing mines in the Geraldton gold district, 4 claim groups, of which 3 are situated in the Geraldton gold district of north-central Ontario (about 225 km NE of Thunder Bay). Geraldton offers optimal and installed mining infrastructure. Holdings comprise 74 royalty-free mining claims (60 fully owned patented claims, 5 leases, 9 mineral rights only). Of these, the 51-patented claim Main Group is in the center of the Geraldton Gold District and straddles the Trans-Canada Highway; the 5-claim Ellis Group lies 4 km south of the town of Geraldton; and the original Tombill Mine group of 6-patented claims sits 10 km west-southwest of Geraldton. The Tombill Gold Mine produced 68,737 high-grade gold oz between 1938 and 1942 in the southeast corner of the claim group. The Talmora Longlac Mine, located in the northeast of the Main Group property, was built in 1941, but saw only minor production before closing in 1942 (1,406 gold oz). The Main Group borders on the property of the under-construction Greenstone Mine, which will be one of Canada's largest gold mines with production aimed for first half 2024.Location MapTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7659/186249_0f82e96394628a13_002full.jpg
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