C$91 million released from escrow and 100% of the Project consolidated; new Board and management appointed; fully funded ~50,000 metre drilling, feasibility and permitting program launched.
TORONTO, ON / ACCESS Newswire / August 25, 2026 / Tintina Mines Limited (TSXV:TTS) ("Tintina" or the "Company") is pleased to announce the completion of the acquisition and financing transactions first announced on June 2, 2026 (collectively, the "Transactions"). All conditions to the release of the escrowed proceeds of the Company's C$91 million private placement of subscription receipts (the "Subscription Receipts" and the "Offering") have been satisfied, the escrowed proceeds have been released to the Company, the Subscription Receipts have been exchanged for their underlying securities, and the Company has completed the acquisition of the remaining 26.25% minority interest (the "Minority Interest Acquisition") in Andean Belt Resources SpA ("ABR").
Tintina now owns 100% of ABR and, indirectly, 100% of the Dos Amigos Copper-Gold Project (the "Project"), formerly known as the Domeyko Sulfuros Project, together with approximately C$55 million of net proceeds from the Offering dedicated to advancing the Project toward a final investment decision ("FID"). Further details of the Transactions are set out in the Company's news releases dated June 2, 2026, July 2, 2026, July 10, 2026 and August 21, 2026 and in the Company's management information circular dated July 30, 2026, each available under the Company's SEDAR+ profile at www.sedarplus.ca.
