Tincorp Metals Inc. announces that it has entered into an interest-free unsecured credit facility agreement with no conversion features with
Silvercorp Metals Inc. , an insider which holds 29.32% of the Company's shares, for a credit facility of US$1,000,000 . The Facility will provide financial flexibility to fund the Company's operations and provide general working capital. Under the terms of the Agreement, the Company is entitled to draw down up to US$1,000,000 at any time. The Facility has a maturity date of January 31, 2025, and contains a voluntary prepayment option, allowing the Company to prepay the Facility at any time without penalty. The Company will make an initial drawdown of US$500,000 and, upon receiving final approval from the TSX Venture Exchange...