New Risk • Jun 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$10k). Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$5.85m market cap, or US$4.11m). Announcement • Jun 19
Tombill Mines Limited announced that it has received CAD 0.579011 million in funding On June 18, 2026, Tombill Mines Limited has closed the transaction. Each Warrant entitles the holder to acquire one Common Share at a price of CAD 0.05 for a period of 36 months for lowing closing. On a non-diluted, post-closing basis, Dynamo holds approximately 9.9% of the company. In connection with the private placement, the company and Dynamo have entered into an Investor Rights Agreement. For so long as Dynamo holds at least 5% of the company's outstanding common shares, it has the right to participate in future equity financings to maintain its ownership interest up to 9.9%. Dynamo has agreed to a standstill under which it will not increase its position above 9.9% without the prior consent of Tombill, to support the Company's board recommendations, and to a 12-month lock-up on the securities issued under the private placement. Announcement • Jun 17
Tombill Mines Limited announced that it expects to receive CAD 0.579011 million in funding Tombill Mines Limited announced a non-brokered private placement of 28,950,546 units of the Company at an issue price of CAD 0.02 for gross proceeds of CAD 579,010.92 on June 16, 2026. The transaction involves participation from new investor Dynamo Metals. Each Unit comprises one common share and one common share purchase warrant. Each Warrant entitles the holder to acquire one Common Share at a price of CAD 0.05 for a period of 36 months following closing. On a non-diluted, post-closing basis, Dynamo holds approximately 9.9% of the Company. In connection with the private placement, the Company and Dynamo have entered into an investor rights agreement. For so long as Dynamo holds at least 5% of the Company's outstanding Common Shares, it has the right to participate in future equity financings to maintain its interest up to 9.9%. Dynamo has agreed to a standstill, under which it will not increase its position above 9.9% without the prior consent of Tombill, to support the Company's board recommendations, and to a 12-month lock-up on the securities issued under the private placement. The securities issued pursuant to the offering will be subject to a hold period of four months plus one day from the date of closing in accordance with applicable Canadian securities laws and the policies of the TSXV. 
